The Economic Times

Why 'playing it safe' with your money could be your biggest financial mistake, according to a CA

CA Nitin Kaushik warned that keeping long-term money in low-yield savings accounts can quietly erode wealth because inflation outpaces returns. Citing the Rule of 72, he said money earning 3% takes about 24 years to double, while a 10% return cuts that to 7.2 years. According to Kaushik, relying on safe low-return accounts may be riskier than investing in growth-oriented assets for long-term financial security.