Save post office systems These 8 post office systems will double the money instantly, know how much benefit : Posten has many savings programs. The most important thing about these schemes is that there is a state guarantee for this. This means that your money will not fall. The government has not made any changes to the interest rates for small savings programs for the September quarter. That is, you can get big gains from the government’s decision.
Save post office systems
The post office actually runs many savings programs and their most important is that there is a government guarantee for it. That is, your money is safe and it will not fall. Let us tell you about the post office and all their savings systems, we will tell you that if you invest money in these systems, after how long your money will double.
post office time deposit
At present, an interest rate of 5.5% is given on the Post Office Time Deposit Scheme from 1 year to 3 years. If you invest in this, your money will double in about 13 years. Similarly, on a fixed deposit of 5 years, you get an interest rate of 6.7%. If money is invested with this interest rate, your money will double in about 10.75 years.
Posten’s savings bank account
If you keep your money in the post office’s savings account, you may have to wait a long time for the money to double. Because it only gives interest at 4.0 percent per year, that is, your money will double in 18 years!
post office recurring deposit
You currently receive 5.8% interest on the Post Office Recurring Deposit, so if money is invested at this interest rate, it will double in about 12.41 years!
The post office’s monthly income system
The Post Office MIS Scheme currently receives an interest rate of 6.6%, if money is invested at this interest rate, it will double in about 10.91 years.
Pension savings program for post offices
At present, an interest rate of 7.4% is given on the post office’s pension savings system. In this system, your money will double in about 9.73 years.
PPF Post Office
At present, the interest rate is 7.1% on the Post Office’s 15-year public supply fund (Post Office PPF Scheme). That is, it will take about 10.14 years for your money to double at this rate.
Post office Sukanya Samriddhi account
Posten’s Sukanya Samriddhi Yojana currently has the highest interest rate of 7.6 percent. It will take about 9.47 years to double the money in this program for girls.
It is a small savings program designed for the girl child’s welfare. The girl’s parents or guardians can have their Sukanya Samriddhi account opened from the post office or the bank before she turns 10 years old. The current interest rate for April to June 2021 is 7.6%. According to section 80C of the Income Tax Act, Sukanya Samriddhi Yojana is classified under EEE tax status. This means that the capital amount, earned interest and maturity amount are exempt from tax.
The maturity amount can be redeemed after the age of 21. Premature withdrawal is, however, permitted after the girl child has reached the age of 18 for educational purposes only. It should also be noted that at least 250 Rs should be deposited in the SSY account each year and penalties will be levied in the event of any deviation.
The Post Office’s national savings letter
At present, an interest rate of 6.8 percent is given on the Post Office’s National Savings Certificate (Post Office NSC Scheme). This is a 5-year savings plan, where income tax can be saved by investing. If money is invested at this interest rate, it will double in about 10.59 years.
Also know – Post Office MIS Interest rate: Guaranteed income every month, will receive more interest from the bank, see details here
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