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Form 60 Hdfc Bank

Form 60 Hdfc Bank

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How to fill form no 60

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Instructions and help about sample filled form60

so friend was confused on whether he should opt for an equity plus debt instrument like NPS or a fixed income product like ppf for creating a retirement Corpus when I probed him a bit I was surprised to find he was more bothered about that provision that says he can withdraw only 60 percent of his NPS accumulation at retirement and the rest 40 needs to go into Equity so let's look at this problem from a mathematical standpoint my friend is 30 years old which means he has an additional 30 years before he retires now one rupee invested in a ppf and eight percent instrument over 30 years would grow to 10.07 rupees and likewise the same rupee when invested in NPS which averages 10 percent grows to 17.45 rupees now that's a decent difference but what's remarkable is that 60 of 17.45 comes with 10.47 Which is higher than 100 of what the ppf would have given us so that's some food for thought and hopefully it reduces my friend's confusion

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