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These 5 schemes of Post Office double the money with guarantee, know the complete details including the process of investment

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Many such schemes are being run by the post office in which one can get a good return on investment. Money can also double on investment for a long time.

Post office schemes

In order to survive in rising inflation and secure the future, it is necessary to have a strong bank balance. Therefore you will have to invest from the beginning. If money is put in such schemes where the money doubles in a short time, then you can benefit more. Today we will tell you about 5 such schemes of Post Office Schemes where you can get better returns. In this, the guaranteed money is claimed to be double.

Time deposit scheme

The Post Office Time Deposit (TD) scheme is a better scheme for investment. In this, you are being given interest of 5.5 percent at this time. For 1 to 3 years. On the other hand, if you invest in it for 5 years, you will get 6.7 percent interest in it. If money is invested for a long time from this interest rate, then your money will double in about 10.75 years.

Recurring Deposit (RD)

Post Office Recurring Deposit (RD) is also a popular scheme. In this, 5.8 percent interest is being given to you right now. If at the same rate you keep the money for a long time, then it will double in about 12.41 years. In RD, you can also deposit a minimum of 100 rupees a month. At the same time, you can invest 1000 rupees or more. There is a facility of single and joint account.

Monthly Income Scheme (MIS)

6.6% interest is being received on the Post Office Monthly Income Scheme (MIS) at the moment, if the money is invested with this interest rate, it will double in about 10.91 years. Under this scheme, accounts can be opened with a minimum balance of 1000 rupees. If your account is single, you can deposit up to Rs 4.5 lakh. At the same time, if you have a joint account, a maximum of 9 lakh rupees can be deposited in it.

Sukanya Samriddhi Account

The Sukanya Samriddhi account scheme of the post office is currently getting the highest interest of 7.6%. It will take about 9.47 years for the money to double in this scheme being run for better future of girls. It helps in the education of daughter from marriage to marriage. Its maturity period is 21 years, but the investment has to be made for only 14 years. The daughter’s age should be less than 10 years for the application.

National Saving Certificate (NSC)

Money can also double by investing in National Saving Certificate (NSC). At this time, 6.8 percent interest is being given in this scheme. This is a 5-year savings plan. If the money is invested for a long time from this interest rate, it will double in about 10.59 years. You can invest in this with a minimum of 1000 rupees. While the maximum limit is not fixed. You can also open an account in your child’s name. Apart from this, there is also the facility of a joint account. Along with this, income tax rebate is also available on the amount up to 1.5 lakhs.

Also read: LIC Pension Scheme: Get up to 10 thousand rupees pension every month, with a chance to get a lump sum along with interest on maturity.

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Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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