Post office savings plans give double profits over a period of time. Here are some of the ones I found to be interesting:
Post Office savings schemes doubled your money details here: Security and good return on investment. This is exactly what most investors want. For those who want to save, post office savings plans offer good returns and security for investment. Let us now look at such post office savings plans.
Post office savings plans keep your money safe, which means your money will not sink in here. In many savings plans like this one at the post office, if you invest money, your money will soon double. Find out how much profit you can make on any given project.
Post Office National Savings Certificate
Currently, the Post Office’s National Savings Certificate (NSC) offers 6.8% interest. This is a 5 year savings plan in which you can save on income tax by investing. If you invest money at this interest rate, it doubles in about 10.59 years.
Post Office Sukanya Samriti Account
The Post Office’s Sukanya Samriti Account Plan currently offers a maximum interest rate of 7.6%. In this program, which is run for girls, it takes about 9.47 years to double the money.
Post Office Senior Citizens Program
The Post Office Senior Citizens Savings Scheme (SCSS) currently offers 7.4% interest. Your money on this plan will double in about 9.73 years.
PPF
The Post Office’s 15-year General Provident Fund (PPF) currently pays 7.1% interest. That is, it takes about 10.14 years to double your money at this rate.
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Post Office Monthly Income Plan
The Post Office Monthly Income Plan (MIS) currently earns 6.6% interest, and if money is invested at this interest rate, it doubles in about 10.91 years.
Post Office Savings Bank Account
If you keep your money in a post office savings account, you will have to wait twice as long for the money. Because it only earns 4.0 percent interest, which means your money will double in 18 years.
Post Office Series Deposit
The Post Office Series Deposit (RD) currently pays 5.8% interest, so if you invest money at this interest rate, it will double in about 12.41 years.
Post Office Time Deposit
5.5% interest is available on Post Office Time Deposit (DT) from 1 year to 3 years. If you invest in it, your money will double in about 13 years. Similarly, you get 6.7% interest on a 5 year term deposit. If you invest money at this interest rate, your money will double in about 10.75 years.
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