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 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.