In this era of inflation, it is necessary that we invest our hard earned money in the right place. For this, the Indian Post Office provides us with some such schemes, in which our money doubles in a few years by investing.
If you are looking to invest your money in a good place, then your search can be completed in the schemes coming under the Post Office Savings Scheme, so today we are going to tell you five such schemes of the Post Office, in which you can invest a little. You can get rich in years.
Under the Indian Savings Post Office Scheme, Kisan Vikas Patra, National Savings Certificate Scheme, Sukanya Samriddhi Yojana, Senior Citizens Savings Scheme, General Provident Fund Scheme are included. By investing in all these schemes, you get better returns and security.
Kisan Vikas Patra (KVP)
At present, interest is being given at the rate of 6.9 percent under this scheme. One can invest in this scheme with just Rs 1000. There is no maximum investment limit in this. According to the current rate of interest, the amount invested in this scheme doubles in 10 years 4 months.
National Savings Certificate (NSC)
National Savings Certificate Scheme provides you interest at the rate of 6.8 percent, this scheme is for 5 years. But if you keep investing in it continuously, then your money can double in a period of ten years. You can start investing in this scheme with Rs.1000.
Sukanya Samriddhi Yojana (SSY)
This plan offers you the highest interest rate. Under this scheme, you can invest from Rs 250 to Rs 1.5 lakh annually, on which you are given an interest rate of 7.5 percent. Within a period of 9 years, this plan doubles your invested money.
Senior Citizen Savings Scheme (SCSS)
This scheme is for senior citizens, at present an interest of 7.4 percent is being given under this scheme. 1000 to 15 lakhs can be invested in this scheme. This plan is for 5 years, but if you want, you can double your money in this scheme within 9 years by investing continuously.
General Provident Fund Scheme (PPF)
This scheme of Post Office is currently giving you interest at the rate of 7.1 percent. Under this scheme, you can invest minimum 500 and maximum 1.5 lakh rupees in a year. In this scheme, you can invest for the first 5 years and after that for 15 years, in this sense, this scheme doubles the amount invested by you in 10 years.
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