India Post Schemes: There are many savings schemes of the post office which. Where by investing money, there is no hassle of sinking money and better returns are also guaranteed.
As it is known, for the quarter of September, the government has not made any change in the interest rate of all small savings schemes. In such a situation, you can double the money in less time by investing money in these post office schemes. Let’s see…
Post Office Sukanya Samriddhi Yojana:
- In this, the highest interest of 7.6 percent is available.
- This scheme is run for small girls.
- Where money doubles in 9.47 years.
Post Office Senior Citizen Saving Scheme (SCSS):
- Interest rate of 7.4 percent is available under the SCSS scheme.
- Where money doubles in 9.73 years.
Post Office PPF Scheme (PPF):
- The rate of interest is high in PPF scheme, out of which 7.1 percent interest is available.
- Where your money doubles in 10.14 years.
Post Office Monthly Income Scheme (MIS):
- Interest of 6.6 percent is available on investing in MIS.
- Under this scheme, money doubles in 10.91 years.
Post Office National Saving Certificate (NSC):
- 6.8 percent interest is given on investing money in NSC.
- It is a 5 year savings plan.
- In which money doubles in about 10.59 years.
Post Office Time Deposit Scheme (TD):
- Investing in a time deposit scheme of 1 to 3 years gives an interest of 5.5 percent.
- In this condition, your money will be able to double in 13 years.
- At the same time, if you invest in a time deposit of 5 years, then a rate of interest of 6.7 percent is available.
- Where, in about 11 and a half years, the money will double.
Post Office Recurring Deposit Scheme (RD):
- Actually, interest of 5.8 percent is given in RD.
- Investing here will double your money in 12.41 years.
Post office savings bank account
- Interest of 4 percent is available annually in the savings account of the Department of Posts.
- Accordingly, investing money here will double the money in 18 years.
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