Guaranteed return in these post office scheme, find out in how many years the money will double - Newztezz Online

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Tuesday, April 13, 2021

Guaranteed return in these post office scheme, find out in how many years the money will double


The post
 office has a lot of plans. The most special thing about these schemes is that they have a government guarantee . So your money is absolutely safe. Let us know about some of the post office schemes

1. Post Office Time Deposit

Post Office Time Deposit (TD) from 1 year to 3 years currently earns 5.5 per cent interest. If you invest in it, your money will double in about 13 years. Similarly, you will get 6.7 per cent interest on a 5-year time deposit. If you invest at this interest rate, your investment will double in 10.75 years.

2. Post Office Savings Bank Account

If you deposit Rs. In a Post Office Savings Account, it earns 4.0% interest. It will take 18 years for your rupee to double.

3. Post Office Recurring Deposit

The post office recurring deposit (RD) currently carries an interest rate of 5.8 per cent, which means that if you invest in this scheme, your rupee will double in 12.41 years.

4. Post Office Monthly Income Scheme

The Post Office Monthly Income Scheme (MIS) currently earns 6.6 per cent interest. If you invest at this interest rate, your rupee will double in about 10.91 years.

5. Post Office Senior Citizen Savings Scheme

The Post Office Senior Citizen Savings Scheme (SCSS) currently offers an interest rate of 7.4 per cent. The scheme will double the rupee in approximately 9.73 years.

6. Post Office PPF

The post office's 15-year Public Provident Fund (PPF) currently earns 7.1 per cent interest. So it will take approximately 10.14 years for the rupee to double at this rate.

7. Post Office Sukanya Samrudhi Account

The Post Office's Sukanya Samrudhi Account Scheme is currently earning 7.6 per cent interest. It will take 9.47 years for the rupee to double in this scheme run for teenagers.

8. Post Office National Savings Certificate

The Post Office's National Savings Certificate (NSC) scheme is currently earning 6.8 per cent interest. This is a five year savings plan, which can also be used to save income tax.

9. Post Office Kisan Vikas Patra

The Post Office's Kisan Vikas Patra (KVP) scheme currently earns 6.9 per cent interest. If invested at this interest rate, it will take 124 months (10 years 4 months) for the rupee to double.

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