Starting early grows your money with compounding

Key Takeaways

Starting to save early allows your money to grow faster through the power of compounding
Compounding helps your savings earn interest on both the principal and previously earned interest
Regular and consistent deposits maximize the benefits of compounding over time
Understanding compounding helps achieve long-term financial goals more efficiently

17 Nov 2025 by Team FinFIRST

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Achieving your financial goals is more like a marathon than a sprint.

What’s more, your savings accumulate to a large corpus as years go by with the power of compounding.

Best ways to utilise the money in your Savings Account to make profits

All you need to know about a Savings Account’s average monthly balance

Check this comparison table to understand more

Particulars	Person 1	Person 2	Difference
Present age	25 years old	35 years old
Frequency	Monthly	Monthly
Interest credit	Monthly	Monthly
Investment	Rs 10,000	Rs 10,000
Rate of interest	4%	4%
Balance at 40 years old (Rupees in lakhs)	24.69	6.65	18.04
Balance at 50 years old (Rupees in lakhs)	51.58	24.69	26.89
Balance at 60 years old (Rupees in lakhs)	91.68	51.58	40.10

By the time they are both 60 years old, Person 1 saves Rs 40 lakhs more than Person 2

In this above comparison, the interest rate is 4%, but it can go up to 6.50% on your IDFC FIRST Bank Savings Account, along with monthly interest credits

Open your account today and enjoy the magical power of monthly compounding!

Disclaimer

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