Post Office Saving Schemes: Investing in the post office is the oldest way. Along with trust, you also get good returns. This is the reason why post office schemes are considered to be the best even after different attractive schemes. If you are also planning for investment then post office is the best. Here are such schemes, in which double money is also guaranteed. However, the investment tenure for the same is different. The special thing about post office schemes is that your money will not sink here.
Post Office Time Deposit
Interest of 5.5 percent is being available on Post Office Time Deposit from 1 year to 3 years. On investing in it, your money will double in about 13 years. You get 6.7 percent interest on 5 year time deposit. In this, your money will double in about 10.75 years.
Post Office Savings Account.
Money in Post Office Savings Account is double late. Because, it gets 4 percent annual interest. Meaning it will take 18 years to double the money.
Also Read: RBI extends restrictions on this bank? Do you have account in it?
Post Office Recurring Deposit
5.8 percent interest is being available on Post Office Recurring Deposit. The money will double in about 12.41 years on investment here.
Post Office Monthly Income Scheme
6.6% interest is being given on the Post Office Monthly Income Scheme. In this, the money will double in about 10.91 years on investment.
Post Office Senior Citizens Savings Scheme
The Senior Citizen Savings Scheme of the Post Office is getting 7.4 percent interest. In this scheme, the money will double in about 9.73 years.
Post Office Public Provident Fund
Public Provident Fund (PPF) investment in the post office for 15 years is getting 7.1 percent interest. It will take about 10.14 years to double the money here.
Post Office Sukanya Samridhi Account
The post office’s Sukanya Samriddhi Account Scheme (Sukanya Samriddhi) has the highest interest of 7.6 percent. In this scheme especially for girls, it takes about 9.47 years to double the money.
Post Office National Saving Certificate
The National Saving Certificate of the Post Office is getting 6.8 percent interest. Investing in this 5-year savings scheme will double the money in about 10.59 years.
