Business
Senior Citizen Investment Plan: Rs 10 Lakh Can Become Rs 1 Crore In 20 Years
New Delhi: Many Indians dream of retiring with Rs 1 crore in their savings. While that goal might sound big, even a modest investment of Rs 10 lakh can grow into Rs 1 crore — if invested smartly and given enough time. Whether you’re nearing retirement or just starting your planning, understanding how compounding works can help you achieve this milestone comfortably.
How Compounding Turns Rs 10 Lakh Into Rs 1 Crore
Compounding is the process where your money earns returns, and those returns in turn start earning more returns over time. This snowball effect helps smaller investments grow into big amounts over the years.
Here’s how long it takes for Rs 10 lakh to become Rs 1 crore at different rates of return:
Annual Return Years to Reach Rs 1 Crore
6 percent 40 years
8 percent 29 years
10 percent 24 years
12 percent 20 years
15 percent 16 years
So, if you invest Rs 10 lakh in an option that gives 10 percent annual return, your money will grow to Rs 1 crore in about 24 years. However, if you manage to get 12% returns, you can reach Rs 1 crore in just 20 years — possibly before your retirement.
Example Calculation (10 percent Annual Return)
Let’s take a detailed example:
Initial Investment: Rs 10,00,000
Annual Return: 10 percent
Time: 24 years
Formula:
Future Value = Principal × (1 + r)^t
= Rs 10,00,000 × (1.10)^24
= Rs 10,00,000 × 9.84
= Rs 98,40,000 (approximately Rs1 crore)
This is the magic of compounding — your money multiplies almost 10 times without you having to add more capital.
Best Investment Options To Achieve Rs 1 Crore Goal
To reach Rs 1 crore before retirement, the choice of investment is crucial. Here are some popular options for different age groups and risk levels:
1. National Pension System (NPS)
Ideal for long-term retirement planning. NPS offers returns between 9 percent–12 percent depending on your equity allocation. If you invest Rs 10 lakh at 10 percent for 24 years, you’ll crossRs 1 crore comfortably.
2. Equity Mutual FundsThese are suitable for investors with moderate-to-high risk appetite. Historically, equity mutual funds have delivered 12–15 percent returns, meaning your Rs 10 lakh can become Rs 1 crore in 16–20 years.
3. Senior Citizens Savings Scheme (SCSS)
If you’re already retired, SCSS offers 8.2 percent returns (as of 2025). While it may not reach Rs 1 crore quickly, it’s safe and offers regular income.
4. Balanced Advantage or Hybrid Funds
These funds balance risk and reward by investing in both stocks and debt instruments, typically offering 9–11 percent returns. Ideal for those nearing retirement.
Tips For Reaching Rs 1 Crore Faster
Start early — the more time your money gets, the stronger compounding becomes.
Reinvest your earnings instead of withdrawing them.
Diversify across equity, debt, and pension funds.
Review your portfolio every year.
Final Takeaway
Turning Rs 10 lakh into Rs 1 crore isn’t a dream — it’s a calculation. With 10–12 percent consistent returns, you can achieve it in 20–24 years, well before retirement. Compounding rewards patience, and the earlier you start, the richer your retirement can be.
Business
PayPal signs deal with OpenAI to become the first payments wallet in ChatGPT
Alex Chriss, CEO of PayPal Inc.
Courtesy: PayPal
PayPal has signed a deal with OpenAI to have its digital wallet embedded into ChatGPT so users can pay for items found through the leading consumer AI tool, the company told CNBC exclusively.
The agreement, sealed over the weekend, means that starting next year, both sides of PayPal’s ecosystem can plug into ChatGPT: PayPal users can purchase items through the AI platform, and its merchants can sell on it, with their inventory listed there, according to PayPal CEO Alex Chriss.
“We’ve got hundreds of millions of loyal PayPal wallet holders who now will be able to click the ‘Buy with PayPal button’ on ChatGPT and have a safe and secure checkout experience,” Chriss said in an interview.
The move makes PayPal an early part of OpenAI’s efforts to broaden ChatGPT’s use for e-commerce. The thinking is that its 700 million-plus weekly users can lean on artificial intelligence to help them find items, similar to a human personal shopper. Last month, OpenAI said its users could buy from Shopify and Etsy merchants, and two weeks ago it announced an e-commerce deal with Walmart.
“It’s a whole new paradigm for shopping,” Chriss said. “It’s hard to imagine that agentic commerce isn’t going to be a big part of the future.”
PayPal is attempting to position itself as a payments backbone for the coming era of agentic AI shopping, announcing recent deals with Google and artificial intelligence firm Perplexity. The fintech firm issued a release on its OpenAI deal Tuesday.
The company will also manage merchant routing, payment validation and other behind-the-scenes aspects of payment processing for PayPal sellers on ChatGPT, so individual merchants don’t have to sign up with OpenAI, the firm said.
Chriss touted the fact that both consumers and merchants have been verified by the fintech firm, reducing the risk of fraud for either group. Users can pull funds from linked bank accounts or credit cards, or stored balances, to pay for purchases, and they’ll get protections, package tracking and dispute resolution.
“It’s not just that a transaction can happen,” Chriss said. “It’s that this is a trusted set of merchants, the largest merchant network in the world from PayPal, that are verified, with the largest set of verified consumers in a consumer wallet.”
PayPal also said it is expanding the use of OpenAI’s enterprise AI products for its employees to speed up product cycles.
Business
Car headlights to be reviewed after drivers complain of being ‘blinded’ at night
Katy Austin,Transport correspondent and
Lucy Hooker,Business Reporter
EPACriticism from drivers over the dazzle from oncoming headlights has prompted the government to take a closer look at the design of cars and headlamps on UK roads.
Drivers say LED headlamps, which are increasingly common in new vehicles, are causing them problems and making it harder to drive at night
Research into the issue on behalf of the Department for Transport (DfT) has still not been published, but the BBC has learned that the government now plans to launch a new assessment of the causes and remedies.
New measures will be included in the government’s upcoming Road Safety Strategy, reflecting what is becoming an increasingly fraught issue for road users.
Both Ruth Goldsworthy and Sally Burt say bright headlights make it harder for them to get to their weekly SO Sound choir meetings in Totton, in Hampshire.
“Some of the lights are so bright you are blinded by them, for seconds,” says Ruth.
The beam from LED headlights is whiter, more focused and brighter than the more diffuse light from halogen lamps fitted in older cars.
“I’m not sure where to look, I look into the gutter,” says Sally. They are both relieved if someone else offers to drive.
Evening driving becomes a bigger problem as the winter evenings draw in, and especially after the clocks change, which means more people are driving in the dark.
The problem is worse for older people, whose eyes take around nine seconds to recover from glare, compared to one second for a 16-year-old, according to road safety consultant, Rob Heard.
“In severe cases, we might need to stop until our sight can recuperate,” he said.
A survey from the RAC motoring organisation found that more than a third of drivers were nervous about getting behind the wheel as the evenings get darker. Three quarters of respondents said driving was getting more difficult due to brighter lights.

The RAC’s senior policy officer, Rod Dennis, said so far little progress has been made on tackling glare, with regulations governing headlights dating back to 1989.
A Department for Transport spokesperson said: “We know headlight glare is frustrating for many drivers, especially as the evenings get darker.”
What to do in the face of brighter headlamps:
- Ensure your windscreen is clean
- Wear glasses and keep them clean
- Avoid looking straight ahead, instead focus on the edge of the road
- Do not wear night sunglasses sold for night-driving, as they reduce overall light and won’t reduce glare.
Source: College of Optometrists
New research
The results of last winter’s government commissioned research into the “causes and impact of glare” have been delayed since the summer but are now expected in the next few weeks, the DfT said.
They will inform the upcoming Road Safety Strategy, which is also expected to tighten rules on drink-driving and eye-sight tests for older drivers.
The BBC understands the government is commissioning new research into the role of vehicle design in causing glare, and possible solutions, which will feed into international discussion of the issue.
Getty ImagesOne already well-understood source of glare is drivers retrofitting their vehicles, replacing old halogen bulbs with LEDs.
The housing for halogen bulbs is not compatible with LED bulbs, and a retrofitted car will not pass its annual MOT check-up.
As part of the government’s new approach the Driver and Vehicle Standards Agency has “stepped up surveillance” to stop the sale of illegal retrofit headlamp bulbs, the DfT said.
Seeing better
Cars sold with LED lights can improve road safety, Thomas Broberg, senior adviser for safety at Volvo told the BBC.
“Headlights have become brighter over the years to help drivers see better,” he said.
However, avoiding dazzle was “equally important”, he said.
“I would say poor aiming of the headlights and also the road shape are the major factors for glare,” he said.
For larger vehicles, such as SUVs, where lamps are higher off the ground, there is a requirement for the beam to point more sharply downwards, to protect oncoming drivers. But the angle can be affected by how many passengers it is carrying.
Some new cars with “adaptive features” adjust the lamps automatically if there is a change in load, but cars without that will need manual adjusting, Mr Broberg said.
Some new cars also have automatic headlamp dipping, which lowers the lights when an oncoming vehicle is detected.
Getty Images/Stephen Robinson PicturesHowever, Daniel Harriman-McCartney, clinical advisor at the College of Optometrists, said automatic dimming features can be “slow to kick in”.
“If it only works when the car is closer than it needs to be, or doesn’t work for cyclists, that can be a problem,” he said.
He is seeing an increasing number of patients concerned about headlamp glare, he added.
Dazzling headlights are cited as a factor in around 250 accidents a year, but there is no evidence that brighter lights are causing more collisions than previously, the RAC concedes.
Instead, worried drivers may simply be “taking the risk off the road” by not driving at night, with a big social impact, the RAC’s Mr Dennis warned.
He would like to see action that “strikes a balance”.
“We don’t want to go back to worse headlights. It is about what is bright enough.”
Business
MCX trading halted! Exchange sees extended tech glitch; trading in gold and silver futures delayed – The Times of India
MCX trading glitch: The Multi Commodity Exchange (MCX) has been hit by a serious technical disruption on Tuesday, which has resulted in an extended four-hour suspension of trading activities. This interruption has impacted futures contracts trading across essential commodities, particularly gold and silver.According to an ET report, at 12:35 PM, MCX issued an update informing that trading activities remained suspended owing to technical difficulties. The exchange announced plans to resume operations from their Disaster Recovery (DR) facility.The exchange did not specify a definite schedule for resuming operations. They indicated that participants would be informed about the new commencement timing when finalised, the report said.“Update as on 12:35 PM – The commencement of trading is delayed due to a technical issue. Trading will start from DR site. The time of commencement of trading will be informed to market participants. Inconvenience is regretted,” said MCX through an official notification on their portal.This was the fifth notification of the day for Multi Commodity Exchange. Initially, the exchange announced trading would commence at 9:30 AM, but subsequent delays pushed it to 10:00 AM, then 10:30 AM, before being postponed indefinitely due to technical difficulties.The exchange announced plans to switch operations to its Disaster Recovery site, a backup facility that ensures continuous business operations when the primary location experiences disruptions, though specific details about the technical issue were not provided.Similar technical difficulties have affected MCX previously. An incident occurred in July this year, causing trading to start over an hour later than its standard 9:00 AM opening time.
-
Tech1 week agoHow to Protect Yourself Against Getting Locked Out of Your Cloud Accounts
-
Business1 week agoDiwali 2025: Gold & silver likely to consolidate next week; Here’s what analysts said – The Times of India
-
Fashion7 days agoChinese woman charged over gold theft at Paris Natural History Museum
-
Tech7 days agoThis Smart Warming Mug Is Marked Down by $60
-
Fashion1 week agoeBay UK seller fee removal sends revenue down but profits rise
-
Entertainment7 days agoJohn Grisham unveils his first-ever mystery, “The Widow”
-
Tech1 week agoEaster Island’s Moai Statues May Have Walked to Where They Now Stand
-
Sports1 week agoIs Mount the answer to what Amorim’s trying to do at Man United?

