People earn money with a lot of hard work. They not only want to keep it safe but also want to invest it in the right place to get good returns.

Banks are a good option to keep money safe, but the interest on deposits in banks is low. The share market is also a good option for investment and can give good returns, but there is also a risk of loss. In this case, many people choose to invest their money in Post Office schemes. This is because the money is safe in the post office and it also gives good returns. There are many good schemes available for investment in the post office. In some schemes, your money can even double over time.

Post Office Schemes to Double Your Money

There are 9 Post Office schemes where your money can grow safely and even double over time. Let’s learn about these schemes.

1. Sukanya Samriddhi Yojana (SSY)

This scheme is for the future of girl children. It offers 8.2% annual interest. If you invest in this scheme, your money will double in 8 years and 9 months.

2. Senior Citizen Savings Scheme (SCSS)

This scheme is made for senior citizens. It also offers 8.2% annual interest. With this scheme, the money will double in 8 years and 9 months.

3. National Savings Certificate (NSC)

The NSC scheme gives 7.7% annual interest. If you invest in this scheme, your money will double in 9 years and 4 months.

4. Kisan Vikas Patra (KVP)

This scheme gives 7.5% interest per year. It is useful for farmers and other investors. The money will double in 9 years and 7 months.

5. Monthly Income Scheme (MIS)

This scheme gives a monthly income and offers 7.4% interest per year. If you invest here, your money will double in 9 years and 9 months.

6. Public Provident Fund (PPF)

The PPF scheme gives 7.1% annual interest. By investing in this scheme, the money will double in 10 years and 2 months.

7. Time Deposit Scheme (TD)

  • For 1-year deposit, interest is 6.9%, money doubles in 10 years and 4 months.
  • For 2-year deposit, interest is 7.0%, money doubles in 10 years and 2 months.
  • For 3-year deposit, interest is 7.1%, money doubles in 10 years and 1 month.
  • For 5-year deposit, interest is 7.5%, money doubles in 9 years and 6 months.

8. Recurring Deposit Scheme (RD)

This scheme gives 5.8% interest per year. If you invest regularly, your money will double in 10 years and 7 months.

9. Post Office Savings Account

This is a regular savings account that gives 4% annual interest. With this rate, the money will double in about 18 years.