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Post Office Scheme: Big News! These 5 schemes have guaranteed returns, check in how much time the money will be double

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Post Office Scheme: If you want to double your money guaranteed without risking a single penny in the market, then some government schemes can be the best option for you.



How to make money Double as soon as possible: If you want to double your money guaranteed without risking a single penny in the market, then some government schemes can be the best option for you. Post Office Small Savings Schemes are best to get guaranteed returns without any risk. The special thing is that you can invest in these schemes from short term to long term. Maturities are different in these schemes. Here we know about 5 such popular schemes, in which your money will be doubled in a given time.

Kisan Vikas Patra 

Kisan Vikas Patra of the Post Office is such a scheme that doubles your money in 124 months (10 years 4 months). You can start investing with just Rs 1000. You can invest any amount in multiples of 100. There is no limit on investment in this. Post this scheme is currently getting 6.9 percent annual interest. A single, joint account can be opened in this scheme. Guardian account can be opened on behalf of minor. Minors above the age of 10 years can also open an account in their own name.

Public Provident Fund Account 



Talking about the Post Office Scheme Public Provident Fund ie PPF, it is currently getting 7.1% annual interest. Maturity in PPF is 15 years. By the way, premature withdrawal can be done from PPF after 5 years. The specialty of this scheme is that it has guaranteed returns and the maturity amount from the investment is tax-saving. According to the Rule of 72, the annual interest rate on PPF is currently 7.1 percent. In this way, 72/7.1 = 10.14 years, that is, it will take about 10 years for your money to double at the same rate of interest.

Sukanya Samriddhi Accounts 

Post office’s Sukanya Samriddhi Yojana ie SSY is the best scheme for the better future of daughters. Account under SSY can be opened in any post office or authorized branch of commercial bank. Under this scheme, the account can be opened after the birth of the girl child before the age of 10 years with a minimum deposit of Rs 250. It can be continued till the girl child turns 21 or after the age of 18 years of marriage. In the current financial year, up to Rs 1.5 lakh can be deposited under Sukanya Samriddhi Yojana. Tax exemption is also available in this. According to the Rule of 72, the annual interest rate on SSY is currently 7.6 percent. Thus, 72/7.6 = 9.47 years), i.e. it will take more than 9 years to double your money at the same rate of interest.

National Savings Certificate 

Investing in Post Office National Savings Certificate (NSC) can be a better option. The specialty of this post office small savings schemes is that there is no maximum investment limit in this. At the same time, multiple accounts can be opened in this. Tax deduction up to Rs 1.5 lakh is also available under section 80C of income tax on deposits in NSC. According to the Rule of 72, the annual interest rate on NSC is currently 6.8 percent. Thus, 72/6.8 = 10.58 years), i.e. it will take more than 10 years to double your money at the same rate of interest.

Monthly Income Scheme (Post Office Monthly Income Scheme Account) 

Post Office Monthly Income Scheme (MIS) is a savings scheme. Investing in this scheme in a lump sum earns income every month in the form of interest. The maturity period of MIS account is 5 years. In this, the account holder gets interest every month on the lump sum deposited money. While opening an individual account in MIS scheme, you can invest a minimum of Rs 1,000 and a maximum of Rs 4.5 lakh in this scheme. However, the maximum amount that can be deposited in a joint account is Rs 9 lakh. According to the Rule of 72, the annual interest rate on MIS is currently 6.6 percent. Thus, 72/6.6 = 10.90 years), that is, it will take about 11 years to double your money at the same rate of interest.


What is Rule 72

Experts consider the Rule of 72 to be an accurate formula, through which it is decided that in how many days your investment will double. Think of it like this, you have invested in a scheme, in which 10% interest is available annually. In such a situation, you will have to divide 10 in 72 under Rule 72. 72/8 = 7.2 years, that is, your money in this scheme will double in 7.2 years.

(Note: Keep in mind that Rule 72 gives an almost accurate figure. However, there may be slight variation in the result.)


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