Post Office Saving Schemes can provide assured returns which implies which you could stay assured of the very fact that you’re not going to lose any hard-earned cash.
These schemes additionally promise to double the cash you put money into all their financial savings schemes with lesser rates of interest.
1. Post Office Time Deposit
The 5.5% rate of interest is being provided to 1 yr to three years time deposit (TD) of the publish workplace and in case you put money into it, then your cash will double in about 13 years.
2. Post Office Saving Bank Account
Post workplace financial savings account presents solely 4.0 % curiosity on your funding, and your cash will double in 18 years.
3. Post Office Recurring Deposit
The 5.8 % curiosity on the Post Office Recurring Deposit (RD) is being provided, if the cash is invested and it will double in about 12 years.
4. Post Office Monthly Income Scheme
The 6.6 % curiosity is given on the Post Office Monthly Income Scheme (MIS), if the cash is invested and it will double in about 10 years.
5. Post Office Senior Citizens Savings Scheme
The Senior Citizen Saving Scheme (SCSS) of the Post Office is at the moment paying an curiosity of seven.4% and it doubles your cash in 9 years.
6. Post Office PPF
The 15-year public provident fund (PPF) of the publish workplace is at the moment giving 7.1 % curiosity which will take about 10 years to double your cash at this fee.
7. Post Office Sukanya Samriddhi Account
The Sukanya Samriddhi account scheme of the publish workplace is providing the best curiosity of seven.6% and this scheme will take 9 years to double the cash.
8. Post Office National Saving Certificate
The 6.8% curiosity is obtainable on the National Saving Certificate (NSC) of the publish workplace which is a 5-year financial savings plan and if the cash is invested with this rate of interest, it will double in about 10 years.
9. Post Office Kisan Vikas Patra
At current, 6.9 % curiosity is being given within the publish workplace Kisan Vikas Patra (KVP) scheme. With this rate of interest, the quantity invested right here doubles in 10 years and 4 months.
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