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Secure your future with IDFC FIRST Bank
Retirement planning is about ensuring you have a reliable income stream for your post-retirement years. By saving appropriately, you can sustain your lifestyle and comfortably reach all your future goals.
Retirement planning is about ensuring you have a reliable income stream for your post-retirement years. By saving appropriately, you can sustain your lifestyle and comfortably reach all your future goals.
Retirement planning is crucial because it helps you prepare for life's uncertainties and ensures you have enough savings to cover your expenses when you stop working. Without proper planning, you may face financial difficulties during retirement, which can add stress to an already challenging time. It is important to plan your retirement for the following reasons:
Evaluate your current savings and assess whether they are sufficient to sustain your lifestyle post-retirement. Our retirement planning solutions are designed to help you build a robust retirement corpus that meets your needs.
Use our Step Up Calculator to see how increasing your savings gradually over time can significantly enhance your retirement fund. Small, consistent increments in your savings can make a big difference in the long run.
Disciplined approach for long term goals
We truly mean it when we say we are the most customer-friendly bank
Know morecard 2 We offer up to 7% interest p.a. (against usual Savings Account interest rates of 3 - 3.5% p.a. offered by most banks), so our customers earn more interest with our Bank.
card 2 We offer up to 7% interest p.a. (against usual Savings Account interest rates of 3 - 3.5% p.a. offered by most banks), so our customers earn more interest with our Bank.
card 3 We offer up to 7% interest p.a. (against usual Savings Account interest rates of 3 - 3.5% p.a. offered by most banks), so our customers earn more interest with our Bank.
card 4 We offer up to 7% interest p.a. (against usual Savings Account interest rates of 3 - 3.5% p.a. offered by most banks), so our customers earn more interest with our Bank.
card 5 We offer up to 7% interest p.a. (against usual Savings Account interest rates of 3 - 3.5% p.a. offered by most banks), so our customers earn more interest with our Bank.
card 6 We offer up to 7% interest p.a. (against usual Savings Account interest rates of 3 - 3.5% p.a. offered by most banks), so our customers earn more interest with our Bank.
card 7 We offer up to 7% interest p.a. (against usual Savings Account interest rates of 3 - 3.5% p.a. offered by most banks), so our customers earn more interest with our Bank.
card 8 We offer up to 7% interest p.a. (against usual Savings Account interest rates of 3 - 3.5% p.a. offered by most banks), so our customers earn more interest with our Bank.
card 9 We offer up to 7% interest p.a. (against usual Savings Account interest rates of 3 - 3.5% p.a. offered by most banks), so our customers earn more interest with our Bank.
Starting early allows you to build a larger retirement fund, giving you more time to grow your savings through investments. It also helps you combat inflation, manage unexpected expenses, and secure your family’s future. The sooner you start, the more prepared you'll be for a comfortable retirement.
The illustration below shows two scenarios A & B. In scenario A, the person starts investing at the age of 40 and in B, he starts investing at the age of 50. Both invest ₹25,000 each per month till the age of 60. In scenario A, the person builds a corpus of ₹1.9 Crores while in B, he builds only ₹51.6 Lakhs. Clearly in scenario A the person gains more by getting an incremental amount of ₹1.4 Crores as his retirement corpus.
John Doe
40yrs
₹25,000
20 yrs
10%
₹1.9crores
John Doe
50yrs
₹25,000
10 yrs
10%
₹51.6Lakhs
₹1.9crores - ₹51.6 Lakhs
Starting retirement planning early comes with a variety of advantages.
Compound interest allows you to earn interest on both your initial investment and the accumulated interest over time.
You are better equipped to balance other financial goals, such as buying a home or paying for education when you start retirement planning early.
You can adjust your savings strategy, explore different investment options, and make informed decisions without rushing or compromising.
Life is unpredictable, and early retirement planning can provide a financial cushion in case of unexpected events like job loss, medical emergencies, or family needs.








