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Today, we invest in many types of secure platforms for savings. For a balanced portfolio, it is important that you invest in both secure platforms for guaranteed returns and unsecured platforms for the best returns.

If you invest in FD (Fixed Deposit), RD (Recurring Deposit), and Post Office schemes for a long time, then your money can also double. You can use the 72 formula to know when this money will double. Let us know how you can use it.

How to use the 72 formula?

First, you have to see how much return is being given on the platform on which you have invested. Then, according to the return, you can estimate when the money will double.

Formula - 72/Interest rate = years (money will double in this time)

Understand with an example.

PPF (Public Provident Fund) -7.1% interest rate

72/7.1=10.141 years

RD (Recurring Deposit Scheme) - 6.7% (Post office)

72/6.7=10.746 years

FD (Fixed Deposit)

72/7.5=9.6 years
If the interest rate on FD is 8% then-

72/8=9 years

In this way, with the help of the returns and formula of your schemes, you can easily estimate when your money will double.

How to prepare a balanced portfolio?

A balanced portfolio includes both safe and unsafe investment options. In a safe investment, you can invest money in FD (Fixed Deposit), RD (Recurring Deposit), and Post Office schemes. Along with this, you can prepare a balanced portfolio by investing in different types of funds in mutual funds.

Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.