If you also want to convert small savings into a big amount, then you can invest in these schemes of the post office.
In today’s time, every person wants to save some money for himself and his family by adding a little bit of his income. Keeping such people in mind, post offices run such an investment scheme in which a person safely doubles his or her money without any hassle.
Such schemes continue to run in the post office, in which the common man not only makes a profit by investing, but also has the benefit of getting an exemption in income tax return. Today we are going to tell you a similar scheme which will double your money safely.
Recurring Scheme: In this recurring deposit scheme of the post office, the investor gets interest at the rate of 5.8 percent in which the money is guaranteed double but you have to stay for a certain period. And that period is 12 years.
Saving Account: Under this scheme in the post office, the investor gets interest at the rate of 4 percent. If you want to double the money in this, then you have to stay for 18 years. In which it is best that when you become a father, then you can put some amount in your child’s name, which will double after 18 years.
Senior Citizen Savings Account: This scheme of Post Office is for Senior Citizens, which provides interest at the rate of 7.4 percent. The interest accrued under this scheme is credited to the customer’s account quarterly quarterly.
If you want to double your money through this account, then after investing the money in it, you will have to wait for 10 years.
Sukanya Samriddhi Yojana: This post office scheme has been launched with the goal of securing the future of every daughter of the country. Apart from the senior citizen, this is the second scheme in which the post office pays interest at the rate of 7.6 percent.
If you want to double the money in this, then by opening an account under this scheme in the name of your daughter below 10 years, you can put a lump sum in it, which will be doubled in 10 years.