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HomePersonal FinanceNSC Vs KVP Vs FD Vs PPF: Post Office Guaranteed Return Scheme,...

NSC Vs KVP Vs FD Vs PPF: Post Office Guaranteed Return Scheme, Where Will Money Be Double In How Many Days?

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Post office savings schemes like NSC, KVP, FD and PPF are very popular, where they are getting stable but safe returns. Do you know how long it takes for money to double here?



Post Office Small Savings:

The Small Savings Scheme of the Post Office gives guaranteed returns to the investors. Returns are available till maturity according to the fixed interest rate on NSC, KVP, FD or National Savings Time Deposit Scheme. On the other hand, if we talk about PPF, then the interest rates can change from time to time. At present, in these schemes of post office, your money is guaranteed by the government and investment here is completely safe. The maturity of some schemes is from 1 year to 5 years while some schemes encourage long term investments like Public Provident Fund. While investing money in any scheme in the mind of investors, this question definitely comes in how many days the money will double here.

Calculate with Rule of 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 in such a way that suppose you have invested in a scheme, in which 9 percent interest is available annually. In such a situation, under Rule 72, you will have to divide 72 by 9. 72/9 = 8 years, that is, your money under this scheme will double in 8 years.

National Savings Certificate (NSC)

  • Interest rate: 6.8% In
  • How many days the money doubles: 72/6.8 = 10.58 years, that is, about 126 months

USP: Under NSC, apart from single account, joint account facility is also available. This account can be opened with a minimum investment of Rs 1000 in the post office. There is no limit on the maximum investment in this. Investing in this scheme gives exemption under Section 80C of the Income Tax Act.


5 Year Time Deposit (FD)

  • Interest rate: 6.7% In
  • How many days the money double: 72/6.8= 10.74 years i.e. about 128 months

USP: Time deposit also has the facility of joint account with a single account. This account can be opened in any branch with a minimum investment of Rs 1000. There is no maximum limit for investment in this. FD of 5 years is exempted under Section 80C of the Income Tax Act.

Kisan Vikas Patra (KVP)

  • Interest rate: 6.9% In
  • Hw many days double the money: 72/6.9= 10.43 years, ie 124 months
  • USP: The account can be opened here with an investment of at least Rs 1000. There is no limit on maximum investment. There is also the facility of a joint account, in which 3 adults can join.

Public Provident Fund (PPF)

  • Interest rate: 7.1% In
  • How many days the money doubles: 72/7.1= 10.14 years, that is, about 120 months

USP: This is a scheme promoting long-term investment. Its maturity is 15 years. A minimum of Rs 500 per annum and a maximum of Rs 1.5 lakh can be invested in this. There is a facility to deposit money in the account in 12 installments in a year. There is facility to open only single account. Investment is exempted under Section 80C of the Income Tax Act. The interest earned in this is completely tax free.


Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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