Post Office Saving Schemes on one click; which doubles your money
By Lokmat English Desk | Published: September 21, 2021 10:16 AM2021-09-21T10:16:31+5:302021-09-21T10:16:31+5:30
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If you want to invest your money safely and make a profit, it is best to invest in a post office scheme as usual. The government did not change the interest rates on small savings schemes in the September quarter.
The special thing about post office plans is that your money is safe here. That means your money won't go down. So we are going to tell you some special plans, which will double your money as soon as possible.
Post's plan offers an interest rate of 5.5 per cent on a time deposit (TD) for 1 to 3 years. If you invest in it, your money will double in 13 years. Similarly, a 5-year deposit carries an interest rate of 6.7 per cent. This will double your money in 10.75 years.
If you keep your money in a Post Office Savings Account, it will take a long time for your money to double. This is because it earns 4.0 per cent interest. That means it will take you 18 years to double the money.
You are being paid 5.8 per cent interest on Post Office Recurring Deposit (RD). So if you invest in it, it will double in 12.41 years.
The Post Office Monthly Income Scheme (MIS) currently carries an interest rate of 6.6 per cent. If money is invested at this interest rate, it will double in about 10.91 years.
The Post's Senior Citizens Savings Scheme (SCSS) carries an interest rate of 7.4 per cent. Your money in this scheme will double in 9.73 years.
The Post's 15-year Public Provident Fund (PPF) offers an interest rate of 7.1 per cent. It will take 10.14 years for your money to double.
The post office offers the highest interest on the Sukanya Samrudhi account. The interest rate is 7.6 per cent. The scheme has just been launched for girls. It will take 9.47 years for the money to double.
The Post's National Savings Certificate (NSC) currently carries an interest rate of 6.8 per cent. This is a 5 year plan. Income tax can also be saved by investing in it. If money is invested at this interest rate, it will double in 10.59 years.
