Post Office: In association with the India Post Office, the Central Government runs several schemes of investment and savings. Investing in these schemes gives guaranteed returns.
There are some such schemes of the post office. In which money is available at a higher interest rate than a fixed deposit account. At the same time, some schemes can also double the money on long-term investment. There are many such schemes like National Savings Certificate (NSC), Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme (SCSS), Kisan Vikas Patra (Kisan Vikas Patra –KVP). Investing in them gives double the return.
Kisan Vikas Patra is a special scheme of the post office. People prefer to invest in this scheme with confidence. There is no risk of any kind in this scheme. Any adult citizen can open his account. If you want, you can also open a joint account in the name of 3 people.
money will double
This scheme can double your deposit in 10 years and 4 months i.e. 124 months. If you start a KVP deposit of Rs 1 lakh today, it will grow to Rs 2 lakh in the next 124 months. At present, 7 percent interest is being received annually on KVP deposits. It is getting more interest than FD. One can start with a minimum investment of Rs 1000 in KVP. There is no maximum investment limit in this. You can open any number of KVP accounts.
National Savings Certificate
6.8 percent interest is being received on the National Savings Certificate of the post office. The money will double in about 10.59 years on investment in this 5-year savings scheme.
time deposit
Post office time deposit is the best scheme to double the money. In this, one gets the benefit of interest at the rate of 5.8 percent on time deposits ranging from 1 to 3 years. Investing in this will double your money in about 13 years.
Sukanya Samriddhi Yojana
At present, interest is being received at the rate of 7.6 percent in Sukanya Samriddhi Yojana. A maximum of Rs 1.5 lakh and a minimum of Rs 250 can be invested in a financial year. Annual compound interest is available on this scheme. This post office scheme will double your money in nine and a half years i.e. 113 months. By the way, after 21 years of investing in this scheme, the benefit of maturity is available.
Senior Citizens Savings Scheme
In the Senior Citizen Savings Scheme of the Post Office, the money will double in about 113 months. It will get the benefit of interest at the rate of 7.6 percent.
