Many types of schemes are run in the post office according to your savings, need and purpose. Here along with security, there is also a guarantee of returns.
Post Office Schemes: In the midst of the Kovid-19 crisis, everyone wants to invest their money in such a place, where they can get the guarantee of security along with better returns. Many types of schemes are run in the post office according to your savings, need and purpose. Its great feature is that there is a guarantee of return along with security. If you have invested or want to invest in any post office scheme, do you know in how many days your money will double? Let us know about 9 such 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).
2. 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.
3. 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. If someone invests in this scheme, then after 18 years their money will double.
4. 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.
5. Senior Citizen Scheme
The Senior Citizen Savings Scheme is for people of 60 years of age and above. At present, interest of 7.4 percent is being given on this scheme. Here any senior citizen can deposit from Rs 1000 to Rs 15 lakh.
6. PPF Scheme
Public Provident Fund is a 15-year long-term investment scheme, currently paying an interest rate of 7.1 percent. You can start investing in PPF with Rs 500. If you look at the calculation of investing money in this scheme, then your amount will double in 10.14 years.
7. Sukanya Samridhi Yojana
Sukanya Samriddhi Yojana is the best option to secure the future of your daughters. In this scheme, you are getting a return of 7.6 percent right now. In such a situation, if someone invests in this scheme, then his money will double in 9 years and 6 months.
8. National Saving Certificate
This post office plan is very popular. At present, an interest of 6.8% is being available on the National Savings Certificate. According to this rate, your money will double in about 10 years and 7 months. Also, exemption can also be taken through it under Rule 80C of Income Tax.
9. Kisan Vikas Patra
In this scheme, any person can start his investment with 1000 rupees, there is no upper limit. Interest of 6.9 percent is being available on investing in this scheme. Earlier this scheme used to mature in 113 months, but now it has increased to 124 months.
