Best Post Office Scheme: If you want to invest money in any scheme of post office, then read this news. We are going to tell you about the most awesome post office scheme, where you will get good interest on investing and soon your money will double.
New Delhi. 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. Apart from this, we will also tell you in how many years your money will be doubled in these policies.
Let us know about the tremendous policy of the post office.
Post office time deposit scheme
One can deposit money in the 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 savings account
Post Office Savings Account can be opened with only Rs 500. A person above 10 years can open his account in it. This is a scheme where it takes 18 years to double the money. At present, 4% interest is being given on this scheme.
Post Office RD
Most of the people trust and invest their money in the RD Scheme of the Post Office (Post Office Recurring Deposit). At present, 5.8% interest is being given on investment. Accordingly, your money will double here in 12 years.
Post Office Monthly Income Scheme (MIS)
An account can be opened under this scheme for Rs.1000. Under this scheme, a maximum 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 Senior Citizen 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.