Investing in Post Office schemes? Check interest rates and how long will it take to double your investment
Zee News
Post Office offers various Small Savings Schemes allowing investors to invest their life savings in safe options offering bumper returns.
New Delhi: Post Office offers a slew of Small Savings Schemes to let investors invest their savings in safe options that offer bumper returns. The state-owned company hasn’t changed the interest rates on its schemes for the September quarter, meaning that the investors can reap decent profits from their investments. On all the investment schemes offered by Post Office, investors get the government’s surety on returns. Here’s a list of all small savings schemes offered by Post Office in which you can invest to double your investments in a span of a few years:
1. Post Office Time Deposit
Post Office Time Deposit (TD) is similar to a fixed deposit investment option offered by public and private banks in India. Investors can invest in the scheme for a tenure of 1 to 3 years to get a 5.5% interest.
