New Delhi: With rates of interest of saving and stuck accounts nose-diving at report lows, many buyers are seeking different devices to develop their money quickly. If you’re trying to make investments your money in safe schemes then what will be safer than investing in Post Office schemes.
Here’s a listing of all of the funding choices supplied by the Post Office that may double your money in a number of years:
1. Post Office Time Deposit
Post Office affords Time Deposit (TD) for an funding interval of 1-3 years. Currently, Post Office is providing 5.5% rates of interest on Time Deposits. If you make investments on this scheme, then your invested sum will get doubled in 13 years.
You can even make investments on this scheme for five years, during which you will get a pretty rate of interest of 6.7%. If you go for 5 12 months Time Deposit, then you definately will funding will double in practically 10 years and 9 months.
2. Post Office Savings Bank Account
If you make investments your money in a Post Office financial savings checking account, then your money will get doubled in practically 18 years, because the funding possibility affords solely a 4% rate of interest.
3. Post Office Recurring Deposits
Post Office is providing a 5.8% rate of interest on its Recurring Deposits (RD) scheme. If you make investments your money on this scheme, then it’ll get doubled in practically 12 years 5 months.
4. Post Office Monthly Income Scheme
Currently, Post Office Monthly Income Scheme (MIS) is providing an rate of interest of 6.6%. Your invested sum on this scheme will get doubled in 10.91 years.
5. Post Office Senior Citizen Saving Scheme
Post Office Senior Citizen Saving Scheme is providing an rate of interest of seven.4%. Your funding will get doubled in 9.73 years if you happen to go for this scheme.
6. Post Office PPF
Post Office is providing a 7.1% rate of interest on its Public Provident Fund (PPF), which is a 15-year lengthy funding. Your money will get doubled in 10.14 years if you happen to make investments on this scheme.
7. Post Office Sukanya Samriddhi Account
Post Office Sukanya Samriddhi Account is at present providing a 7.6% rate of interest. The scheme, which is specifically tailor-made for ladies of younger age, affords a possibility to double your money in practically 9 years and 6 months.
8. Post Office National Saving Certificate
Post Office National Saving Certificate (NSC) is providing a 6.8% rate of interest. It is necessary to notice that it is a 5-year funding scheme that additionally gives tax advantages. Your funding on this scheme will double in practically 10 years 7 months.
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