If you are also planning to invest in Post Office Schemes then this can be very useful for you. There are many post office schemes in which money can double in a few years. Although these schemes take a few years, the returns after that can make you happy. Let’s know in which such scheme in which your money is doubled.
Post office savings account
Post Office Savings Account is one of these schemes, in which double money in a few years. This scheme takes 18 years to complete, as it offers an interest rate of only 4 per cent. Due to its lowest interest rate, it takes 18 years for the money to double.
Post office time deposit
Post’s scheme has a post office time deposit, in this scheme the interest rate of about 5.8 percent is available on time deposits of 1 to 3 years. Under this scheme, it takes 13 years for your money to double.
Post Office Senior Citizens Savings Scheme
This is one of the best post office scheme. This scheme offers an interest rate of 7.6 percent. Under Post Office Time Deposit, investors’ money doubles in about 9.73 years.
Post office national savings certificate
One of the best post office scheme is “Post Office National Saving Certificate”. Under this scheme, investors get an interest rate of 6.8 percent. It is a 5-year budget plan, in which it takes about 10.59 years to double the money.
Post Office Monthly Income Scheme
One of the money doubling scheme is also the “Post Office Monthly Income Scheme”. Investors get an interest rate of 6.7 percent in this scheme. At the same time, it takes about 10.91 years to double the money.
