From Kisan Vikas Patra to NSE, try these government schemes to double your money

India Post affords a wide range of submit workplace financial savings plans that supply protected investments and returns. There are a wide range of risk-free investing alternatives accessible in all of India’s submit places of work.

The scheme contains – Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposit, Kisan Vikas Patra (KVP) and Senior Citizen Savings Scheme (SCSS) amongst others. The government retains revising the rates of interest on a quarterly foundation. Sukanya Samriddhi Yojana (SSY) and Senior Citizen Savings Scheme (SCSS) supply an rate of interest of greater than 8% on these deposits.

Kisan Vikas Patra (KVP): This scheme doubles the investor’s money in 10 years and three months at an rate of interest of seven.5% yearly. People over the age of 18 are eligible to make investments below this programme, and the minimal funding is Rs 10,000. 

Sukanya Samriddhi Yojana: This scheme affords a outstanding 8% yearly rate of interest on deposits. An account could be opened for a lady child up to the age of ten.

Senior Citizen Savings Scheme (SCSS): Interested candidates aged 60 years or above can open an account on the submit workplace and profit from a strong 8.2 % rate of interest on their deposits.

National Savings Scheme: Investors can reap the benefits of the National Savings Scheme’s alluring rate of interest of seven.7%. This scheme permits for minimal deposits of Rs 100 and most investments of Rs 1.5 lakh.

 

Post Office Time Deposit Scheme: Investors have the choice of allocating money for phrases of 1, 2, 3, or 5 years. Notably, the submit workplace affords a 5-year time deposit with a major 7.5 % rate of interest.

5-Year Post Office Recurring Deposit Account (RD): The present 5-year programme rate of interest for each particular person and joint accounts is 6.20% yearly.