• About Us
  • Add Post
  • Contact
  • Contribute For Us
  • Homepage
  • Our Authors
  • Privacy Policy
What's Hot

Auxerre vs Reims LIVE: Ligue 1 end result, ultimate rating and response

February 6, 2023

Pep Guardiola rues missed alternative in Manchester City’s defeat at Tottenham

February 6, 2023

Ajaccio vs Nantes LIVE: Ligue 1 consequence, ultimate rating and response

February 6, 2023
What's Hot

Auxerre vs Reims LIVE: Ligue 1 end result, ultimate rating and response

February 6, 2023

Pep Guardiola rues missed alternative in Manchester City’s defeat at Tottenham

February 6, 2023

Ajaccio vs Nantes LIVE: Ligue 1 consequence, ultimate rating and response

February 6, 2023
Facebook Twitter Instagram
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors
Facebook Twitter LinkedIn
BusinessLendBusinessLend
  • NEWS
  • BUSINESS
  • AUTO
  • TECH
  • MONEY
  • STARTUP
  • SUCCESS STORIES
  • OTHER
    • Press Release
    • OPINION
Subscribe
BusinessLendBusinessLend
Home»NEWS»These 5 schemes of Post Office double the money with guarantee, know the complete details including the process of investment
NEWS

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

Bhagyashree SoniBy Bhagyashree SoniApril 13, 2021No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
These 5 schemes of Post Office double the money with guarantee, know the complete details including the process of investment
Share
Facebook Twitter LinkedIn Pinterest Email

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.

Bitcoin goes up, price crosses $ 62,000, investors benefit

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Bhagyashree Soni
  • Facebook

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.

Related Posts

F-16 not solely choice for Türkiye – Defense minister

February 6, 2023

Lukashenko, Putin conform to appoint date of their assembly quickly

February 6, 2023
Add A Comment

Comments are closed.

Advertisement
Editors Picks

VW faces union and shareholder calls to look at China human rights allegations

June 17, 2022

Galaxy S23 is likely to be dearer than the Galaxy S22

January 7, 2023

The village wedding ceremony caught within the Taliban’s battle for Kabul

August 18, 2022

A Supreme Court for the Constitution

July 2, 2022
Advertisement
Latest Posts

Auxerre vs Reims LIVE: Ligue 1 end result, ultimate rating and response

February 6, 2023

Pep Guardiola rues missed alternative in Manchester City’s defeat at Tottenham

February 6, 2023

Ajaccio vs Nantes LIVE: Ligue 1 consequence, ultimate rating and response

February 6, 2023

Business Lend is a platform which brings executives officers, entrepreneurs, and venture capitalist together from different sectors. We keep on connecting with our users with the help of our monthly edition carving our way slowly towards the highest readership.

Facebook Twitter Instagram LinkedIn
Must Read
  • Auxerre vs Reims LIVE: Ligue 1 end result, ultimate rating and response February 6, 2023
  • Pep Guardiola rues missed alternative in Manchester City’s defeat at Tottenham February 6, 2023
  • Ajaccio vs Nantes LIVE: Ligue 1 consequence, ultimate rating and response February 6, 2023

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2023 BusinessLend. Designed by ThemeSphere.
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors

Type above and press Enter to search. Press Esc to cancel.