The great feature of investing in the post office is that there is a guarantee of return along with security. Many types of schemes are run here, out of which 9 are prominent.
Post Office Schemes: Whether you do job or do your business or farming etc… it is important to save and invest. Post office schemes are considered better when it comes to safe investments. Many types of schemes are run in the post office according to your savings, need and purpose.Also Read: Modi government preparing to give a big gift, 43 crore account holders will benefit
The great feature of investing in the post office is that there is a guarantee of return along with security. Many types of schemes are run here, out of which we are going to tell you about 9 major schemes, in which scheme your money will be doubled in how many days.
To find out, all you have to do is find a universal formula, it’s called Formula 72. Under this formula, you have to divide 72 by the interest rate of the scheme, that is, divide 72 by the interest rate. Now the result will come, in the same year your money will be doubled. Come, on the basis of this formula, know about the 9 major schemes…
1. Post Office Time Deposit
In this scheme, the post office is offering 5.5 percent interest rate on time deposits of 1 to 3 years. Divide 72 by this interest rate and the result is 13.09. This means that if someone invests money in this scheme, then after about 13 years his money will double. At the same time, the post office is offering 6.7 percent interest rate on the time deposit of 5 years. In such a situation, your money will double in 10.74 i.e. about 11 years (10 years, 9 months).Also Read: Modi government preparing to give a big gift, 43 crore account holders will benefit
2. Post Office Saving Scheme
The interest rate of 4.4 percent is fixed in the savings scheme in the post office. This is also a very reliable scheme. Based on the calculation of Formula 72, if someone invests in this scheme, then their money will double after about 18 years.
3. Sukanya Samriddhi Yojana
From the very beginning, Sukanya Samriddhi Yojana is attracting a lot of people. Under this scheme being run in the name of daughters, an interest rate of 7.6 percent is being given now. In such a situation, if someone invests in this scheme, then his money will double in 9 years and 6 months.
4. RD means Recurring Deposit
At present, an interest rate of 5.8% is being given in the RD scheme of the post office. By investing money in this scheme, your money will double in 12 years 5 months.
5. Post Office Senior Citizen Scheme
At present, an interest rate of 7.4 percent is being available in the Post Office Senior Citizen Scheme. In such a situation, if a senior citizen of your house invests in this scheme, then their money here will double in 9.73 years.
6. Post Office Monthly Income Scheme
At present, 6.6 percent interest rate is being available in the Post Office Monthly Income Scheme of the post office. By investing in this scheme, your money will double in 10.91 i.e. in about 11 years.Also Read: Flipkart is giving interest free loan up to 2 lakhs, a good opportunity to increase business
7. PPF Scheme
PPF i.e. Public Provident Fund scheme, it is a long term investment scheme. The scheme is currently getting an interest rate of 7.1 percent. If you look at the calculation of investing money in this scheme, then your amount will double in 10.14 years.
8. Kisan Vikas Patra (Post Office KVP Scheme)
Investing in this scheme also gives good returns. The interest rate on this is currently fixed at 6.9 percent. According to this, your money will double here in 124 months i.e. 10 years 4 months. You can invest in this with a minimum investment of Rs 1000, while there is no maximum investment limit.
9. National Saving Certificate
Like the Kisan Vikas Patra, the Post Office National Savings Certificate Scheme is also getting better returns at this time. At present, 6.8 percent interest rate is being given on investment in this scheme. According to this rate, your money will double in about 10 years and 7 months.
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