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7/6/21

You can earn more profit by investing money in these 7 schemes including PPF and Kisan Vikas Patra, find out here in how much time the money will double





Post Office Savings Scheme:  







The government did not make any changes to the small savings schemes for the July-September quarter. By investing here in such a situation, you can get a higher return than a fixed deposit. By investing your money in these schemes, you can raise funds faster than FDs. With Rule of 72 you can easily figure out how long it will take for your investment to double.

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Experts consider the Rule of 72 to be the most accurate rule, which determines how many days your investment will double. You can understand it in such a way that if you have chosen a particular scheme of the bank, where you are getting annual percentage interest, then in such a case you divide 72 by 8 under Rule 72. That is 72/8 = 9 annually, which means your money under this scheme will double in 9 years. We are telling you about 7 post office schemes where you can get good interest by investing.

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Sukanya Samrudhi Yojana

Under this account can be opened before the age of 10 after the birth of the child.
You can also open an account with just Rs 250. It is offering interest at the rate of 7.6% per annum.
A maximum of Rs 1.5 lakh can be deposited under Sukanya Samrudhi Yojana in the current financial year.
Tax exemption under 80C can be availed on investing in this scheme.
This account can be opened at any post office or authorized branch of the bank.

How long the money will double: It is earning 7.6% interest. In this case, according to Rule of 72, if you invest money in this scheme, it will take 9 years and 6 months for the money to double.

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Senior Citizen Savings Scheme

The scheme is offering interest at the rate of 7.4% per annum.
If the amount of interest exceeds Rs. 10000 per annum, tax deduction i.e. TDS is deducted at source.
Investments under this scheme are taxable under clause 80C of the Income-tax Act, 1961.
Accounts can be opened after the age of 60 or older.


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The person taking VRS can also open an account if he is above 55 years of age but under 60 years of age.
Money can be invested for 5 years under this scheme. This scheme can be extended for 3 years after maturity.
Under this scheme you can invest up to a maximum of Rs 15 lakh.

How long the money will double: It is earning 7.4 per cent interest. In this case, according to Rule of 72, if you invest money in this scheme, it will take 9 years and 8 months for the money to double.

Post Office Public Provident Fund

The Post Office Public Provident Fund (PPF) account is earning 7.1% interest on the deposit.
Interest on the deposit is calculated on an annual basis, which means that it is added to the principal amount each year.


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PPF falls under the EEE category of income tax. This means that income from returns, maturity amounts and interest is tax deductible.
This account can be opened for 15 years, which can be extended for another 5 years.
An account can be opened in PPF with a minimum of Rs.500.
You can invest a maximum of Rs 1.5 lakh in the account in a year.

How long the money will double: It is earning 7.1 per cent interest. In this case, according to Rule of 72, if you invest money in this scheme, it will take 10 years and 2 months for the money to double.

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Kisan Vikas Patra (KVP)

Kisan Vikas Patra (KVP) Savings Scheme is currently earning 6.9% interest.
There is no maximum limit to invest in KVP, however, the minimum investment should be Rs.1000.
The investor must be at least 18 years of age.
You have to wait at least two and a half years if you want to withdraw your investment. It has a lock-in period of two and a half years.
The amount deposited under it is tax exempt under Section 80C of the Income-tax Act.

How long it will take for the money to double: It is earning 6.9% interest. In this case, according to Rule of 72, if you invest money in this scheme, it will take 10 years and 5 months for the money to double.

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Post Office National Savings Certificate

Post Office National Savings Certificate (NSC) is earning 6.8% annual interest
The interest is calculated on an annual basis, but the amount of interest is paid at the end of the investment period.
The amount deposited in the National Savings Certificate is tax deductible under Section 80C of the Income Tax Act.
You have to invest a minimum of Rs 100 to open an NSC account.
Its maturity period is 5 years.
You can invest any amount in NSC. There is no maximum investment limit.

How much money will double in time: It is getting 6.8% interest. In such a situation, according to Rule of 72, if you invest money in this scheme, it will take 10 years and 7 months for the money to double.

Post Office Time Deposit Plan

This is a type of fixed deposit (FD). You can take advantage of fixed returns and interest payments by investing a lump sum for a fixed period.
The Post Office Time Deposit Account offers interest at a rate of 5.5% to 6.7% for a period of 1 to 5 years.


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A tax exemption of up to Rs 1.5 lakh can be availed under Section 80C of the Income Tax Act for 5 years of investment.
A minimum deposit of Rs. 1,000 is required to open a Post Office FD account. It has no maximum limit.

How long it will take for the money to double: It is earning 6.7% interest. According to Rule of 72, if you invest money in this scheme, it will take 10 years and 9 months for the money to double.


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Monthly Income Scheme

This is a type of pension scheme, in which you can manage your monthly income by depositing a lump sum. The special thing is that you will get all your money back after completing the scheme.
An account can be opened under this scheme for a minimum of Rs.
If your account is single, you can make a maximum deposit of up to Rs 4.5 lakh. If you have a joint account, you can deposit a maximum of Rs 9 lakh in it.
The maturity period is 5 years. You can extend the scheme every 5 years through that account as long as you want.
It offers you 6.6% annual interest.

How long the money will double: It is earning 6.6% annual interest. In this case, according to Rule of 72, if you invest money in this scheme, it will take 10 years and 11 months for the money to double.

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