Post Office Investment Schemes: Many types of schemes are run in the post office according to your savings, need and purpose. Here along with safety, there is also a guarantee of returns.
Post Office Investment Schemes: In the midst of the Kovid-19 crisis, everyone is looking to invest their money in such a place, where they can get a guarantee of security along with better returns. According to your savings, need and purpose, many types of schemes are run in the post office. Its biggest feature is that along with safety, there is also a guarantee of return. If you have invested or want to invest in any post office scheme, do you know in how many days your money will double?
Post office investment plans get guarantee with returns
- In this scheme post office is offering 5.5 percent interest rate on fixed deposits of 1 to 3 years. Divide 72 by this rate of interest and the result is 13.09. That is, if someone invests money in this scheme, then after about 13 years his money will double. At the same time, the post office is giving 6.7 percent interest rate on fixed deposits of 5 years. In such a situation, your money will double in 10.74 i.e. about 11 years (10 years 9 months).
- At present, interest is being given at the rate of 5.8 percent in the RD scheme of the post office. By investing money in this scheme, your money will double in 12 years 5 months.
- The interest rate in the post office savings scheme is fixed at 4.4 percent. This is also a very reliable plan. If someone invests in this scheme, then after 18 years his money will double.
- At present, 6.6 percent interest rate is being available in the monthly income scheme of the post office. By investing in this scheme, your money will double in 10.91 i.e. about 11 years.
- Senior Citizen Savings Scheme is for people of 60 years of age and above. At present, interest is being given on this scheme at the rate of 7.4 percent. Here any senior citizen can deposit from Rs 1000 to Rs 15 lakh.
- Public Provident Fund is a 15-year long-term investment scheme, on which interest is currently being paid at the rate of 7.1 percent. You can start investing in PPF with Rs 500. If you look at the account of the money invested in this scheme, then in 10.14 years your amount will double.
- Sukanya Samriddhi Yojana is the best option to secure the future of your daughters. Right now you are getting 7.6 percent return in this scheme. In such a situation, if someone invests in this scheme, then his money will double in 9 years and 6 months.
- This post office scheme is very popular. At present, interest on National Savings Certificate is available at the rate of 6.8 per cent. According to this rate, your money will double in about 10 years and 7 months. Apart from this, exemption can also be taken under 80C of Income Tax.
- In this scheme, any person can start his investment with 1000 rupees, there is no upper limit. Interest of 6.9 percent is being available on investing in this scheme. Earlier this plan used to mature in 113 months, but now it has increased to 124 months.