Post Office Saving Schemes: Post Office runs many savings schemes. The most important thing about these schemes is that there is a guarantee from the government on this. That is, your money will not sink.
New Delhi: Post Office Saving Schemes: If you are also planning to invest and want your money to be secure, then post office is the best for you. The government has not made any change in the interest rates of small savings schemes for the September quarter. The most important thing about Post Office plans is that your money will not sink here. So let’s know about all the savings schemes of the post office, in which if you invest money, then soon your money will double.
1. Post Office Time Deposit
Post office time deposit (TD) of 1 year to 3 years is getting an interest of 5.5%. If you invest in this, your money will double in about 13 years. Similarly, you are getting an interest of 6.7% on a time deposit of 5 years. If money is invested with this interest rate, then your money will double in about 10.75 years.
2. Post Office Savings Bank Account
If you keep your money in a post office savings account, then you may have to wait a long time for the money to double. Because it gives interest only at 4.0 percent annually, that is, your money will double in 18 years.
3. Post Office Recurring Deposit
At present, 5.8% interest is being given to you on Post Office Recurring Deposit (RD), so if the money is invested at this interest rate, it will double in about 12.41 years.
4. Post Office Monthly Income Scheme
Post Office Monthly Income Scheme (MIS) is currently getting an interest of 6.6%, if money is invested at this interest rate, it will double in about 10.91 years.
5. Post Office Senior Citizens Savings Scheme
Post Office Senior Citizen Saving Scheme (SCSS) is currently being given an interest of 7.4%. Your money will double in this scheme in about 9.73 years.
6. Post Office PPF
The 15-year Public Provident Fund (PPF) of the Post Office is currently getting an interest of 7.1%. That is, it will take about 10.14 years to double your money at this rate.
7. Post Office Sukanya Samriddhi Account
The post office’s Sukanya Samriddhi Account scheme is currently getting the highest interest rate of 7.6%. In this scheme being run for girls, it will take about 9.47 years to double the money.
8. Post Office National Saving Certificate
At present, 6.8% interest is being given on the National Saving Certificate (NSC) of the Post Office. This is a 5-year savings scheme, in which income tax can also be saved by investing. If money is invested at this interest rate, it will double in about 10.59 years.
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