THESE Post Office schemes will more than double your money; here’s how

Post office programmes are the way to go if you’re looking for a safe investment with a guaranteed return. The government made no changes to the interest rates on small savings accounts for the September quarter.

Because your money does not sink in post office schemes, it is safe. Please inform us of all of the post office’s savings plans, where you can invest money and have it doubled in no time.

Post Office Time Deposit 
one to three years earns 5.5 percent interest. 
If you invest in this, your money will double in about 13 years. 
5-year time deposit, on the other hand, pays 6.7 percent interest. 
If you invest at this rate, your money will double in approximately 10.75 years.
Post Office Savings Bank Account 
If you keep your money in a post office savings account, you may have to wait a long time for it to double. Your money will double in 18 years because it only pays 4.0 percent interest per year.
Post Office Recurring Deposit 
A Post Office Recurring Deposit (RD) currently earns 5.8 percent interest, which means that if money is invested at this rate, it will double in about 12.41 years.

Post Office Senior Citizens Savings Scheme

The interest rate on the Post Office Senior Citizen Savings Scheme (SCSS) is now 7.4 percent. In 9.73 years, your money will have doubled in this strategy.

6. Post Office PPF 

The Post Office’s 15-year Public Provident Fund (PPF) is now earning 7.1 percent interest. At this rate, it will take approximately 10.14 years to double your money.

7. Post Office Sukanya Samriddhi Account 

The Sukanya Samriddhi Account scheme at the post office currently has the highest interest rate of 7.6%. It will take around 9.47 years to double the money in this strategy for girls.

8. Post Office National Saving Certificate 

The National Saving Certificate (NSC) of the Post Office now pays 6.8% interest. This is a 5-year savings strategy that includes investing to reduce income tax. If you invest at this pace, your money will double in around 10.59 years.

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