Best Post Office Scheme: People still rely on Post Office Scheme to invest. With the security in the post office policy, good returns are also available. If you are also thinking of investing in a post office policy, then this news is for you only. Today we are going to tell you about the best policy to invest in post office, where your money will double very quickly.
Senior Citizen Saving Scheme (SCSS)
As the name of this scheme is, it works the same way. In this scheme for senior citizens, interest is available at a higher rate. It gives an interest of 7.4%. A maximum of Rs 15 lakh can be invested in this. In this scheme, the money will double in 9 years.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana (SSYY) is a small savings scheme of the central government for daughters, which has been launched under the Beti Bachao-Beti Padhao scheme. This scheme of the central government is a very ambitious scheme, in which the highest interest is 7.6 percent. In this scheme, your money doubles in 9 years.
Post Office Monthly Income Scheme (MIS)
An account can be opened under this scheme for Rs.1000. Under this scheme, a maximum amount of Rs 4.5 lakh can be invested in a single account, while Rs 9 lakh can be deposited in a joint account. Now investing in it is getting 6.6% interest. Under this scheme, your money will double in 10 years.
Post Office Time Deposit (TD)
One can deposit money in Post Office Time Deposit Scheme for 1 year, 2 years, 3 years and 5 years. The advantage is that here the interest rate on FD is higher than that of the bank. Under Post Office Time Deposit, 6.7 percent annual interest is available on deposits of 5 years. In this, your money will double in 10 years.
Post Office National Savings Certificate
At present, interest is being given at the rate of 6.8 percent on the Post Office National Saving Certificate (NSC). This is a 5 year savings plan, in which income tax can also be saved. If money is invested at this interest rate, it will double in about 10 years.
