Everyone wants a risk-free investment. In this case, the investment in the post office is the least risky. There are many schemes in the post office in which the investor’s money will double in a few years.
This time Digital Desk: There are many schemes in the post office in which customers can get a hefty interest. In addition, most of these schemes also offer tax breaks. It is also safe to keep money at the post office, as there is a government guarantee. Below are some of the post office schemes discussed:
1. Post Office Time Deposit The Post Office
has a Time Deposit (TD) scheme for one to three year investments. This scheme offers interest at the rate of 5.5 percent. If a person invests in this scheme, he will get double the return in 13 years.
2. Post Office Savings Bank Account If
a person wants, he can invest in Post Office Savings Bank Account, in which the investor will get double the return in about 18 years. The interest rate on this scheme is four percent.
3. Post Office Recurring Deposits At
present Post Office is paying interest at the rate of 5.6 percent in case of Recurring Deposits. If you invest money in this scheme, the investor will get double the return in 12 years and 5 months.
4. Post Office Monthly Income Scheme
Post Office is paying 7.6 percent interest in
this scheme . In other words, if you invest money in this scheme, the money will double in about 11 years. So anyone can invest money in this scheme if they want.
5. Post Office Senior Citizen Saving Scheme
Great benefits can be obtained by investing in Post Office Senior Citizen Saving Scheme . At present, the scheme offers an interest rate of 7.4 per cent. The money will double in this scheme before 10 years.
6. Post Office Sukanya Samriddhi Account
essentially keeping kanyadayagrastha fathers have brought this scheme to the post office. The interest rate on this scheme is 7.6 percent. In about nine and a half months, the money in this scheme has doubled.
