Quick Answer: Which is the best investment in post office?

Which scheme is best in post office?

Some of the popular Post Office Schemes with the maximum interest rates are Sukanya Samriddhi Scheme​​, Senior Citizen Savings Scheme, Public Provident Fund Scheme​​, Kisan Vikas Patra, and National Savings certificate scheme.

Which scheme is best in Post Office 2021?

Read more news on

Instrument Interest rate (%) for July 1, 2021 to Sep 30, 2021 Compounding frequency
5-year National Savings Certificate 6.8 Annually
Public Provident Fund 7.1 Annually
Kisan Vikas Patra 6.9 (will mature in 124 months) Annually
Sukanya Samriddhi Yojana 7.6 Annually

Can I double my money in 5 years?

Double Money in 5 Years

If you want to double your money in 5 years, then you can apply the thumb rule in a reverse way. Divide the 72 by the number of years in which you want to double your money. So to double your money in 5 years you will have to invest money at the rate of 72/5 = 14.40% p.a. to achieve your target.

Which is better MIS or FD?

The cash flow earnings from an MIS can vary over time as the earnings vary with market fluctuations. So, if you are looking to get surety in terms of interest, an FD is right for you. If you are open to ups and downs in the money you make, choose an MIS.

IT IS INTERESTING:  When did China start investing in Africa?

What is the interest of 1 lakh in post office?

India Post Office FDs have tenures ranging from 3 years 1 day to 5 years with maximum rate of interest of 6.70%.

India Post Office Fixed Deposit Interest Calculator.

Tenure Rates Maturity Amount for ₹ 1 Lakh
7 days to 1 year 5.50% to 5.50% ₹ 1,00,105 – ₹ 1,05,614

Is Post Office FD safe?

Guaranteed Returns: As a government backed savings scheme, the post office fixed deposit is one of the safest option of investment and offers guaranteed return.

What should I do with 20k?

Here are 10 ways you can invest that money, including suggested allocations and other tips.

  • Invest with a robo-advisor.
  • Invest with a broker.
  • Do a 401(k) swap.
  • Invest in real estate.
  • Build a well-rounded portfolio.
  • Put the money in a savings account.
  • Try out peer-to-peer lending.
  • Start your own business.

What is the best investment plan?

Best Investment Plans in India to Invest in 2021

Investment Plans Plan Type Policy Term
Bajaj Allianz Fortune Gain ULIP 7 – 30 years
Bajaj Allianz Retire Rich Unit-Linked pension plan 7 – 30 years
Canara HSBC Smart Monthly Income Plan ULIP Plan 5 – 30 years
Edelweiss Tokio Guaranteed Income Plan ULIP Plan 5-25 years