Money Double schemes in post office Post office is considered a safe platform for investment. There is no risk of money sinking in it. Post office offers many types of schemes to investors. Today we are going to talk about a scheme in which you can double your money by investing. Let’s see its complete calculation.
Post Office Scheme: You should always include both secure and unsecured investment platforms in your portfolio. For a secure investment, the post office scheme option will be right. Many types of schemes are offered through the post office. By investing in this scheme, you can create a huge fund.
Today we are going to talk about such a scheme, in which by investing, your money can double. If you invest in the time deposit scheme of the post office, then your money will double in a few years. It gives up to 7.5 percent return. The option of investing for 1 year to 5 years is given in the time deposit scheme of the post office.
Returns received in the scheme
| Investment Time | The returns you will get |
| 1 year | 6.9% |
| 2 year | 7.0% |
| 3 year | 7.1% |
| 4 year | 7.5% |
After how many years of investment will the money double?
- If you invest in a post office scheme for 10 years, then your money will double in 10 years at the rate of 7.5% return. Keep in mind that the interest received in the scheme is calculated every four months.
- Calculation- For example, if you invest Rs 5 lakh in the Post Office TD scheme for 10 years, then you get Rs 10,51,175 after 10 years at the rate of 7.5% return.
- In this way, by investing in this scheme, you will be able to double the money in 10 years.
- There are some important rules related to the scheme, it is very important to know about them before investing. So that there is no problem in future.
Benefits of TD Scheme
- This scheme can be started with an amount of Rs 1000.
- There is no maximum amount to invest in it.
- It gives better returns than FDs of many banks.
- An account of a child above 10 years of age can be opened under the scheme.
- Investing for 5 years gives the benefit of tax exemption under section 80C.
- The benefit of joint account is also available in the scheme.
Know these important rules before investing
- No investor can withdraw money before 6 months. On the other hand, if the money is withdrawn after 6 months, then the interest is given as much as the savings account.
- Money can be invested in this scheme for 1 to 5 years. If you want, you can also extend the duration of the scheme.
- Along with this, if you close an account with a tenure of 2, 3 or 5 years after 1 year, then you get 2 percent less interest.
