Post Office: Will your investment double? Take a look at which of these projects is best
Post Office Time Deposit Account: -
Post office savings accounts offer a 5.5% interest rate on deposits of 1 to 3 years in a post office savings plan, and if you invest in it, your money will double in about 13 years.
Post Office Bank Savings Account: -
The post office savings account offers only 4.0 percent interest on your investment. And your money will double in 18 years.
Post Office Continuous Deposit Account (RD)
The Post Office Continuous Deposit Account (RD) offers 5.8 per cent interest, which doubles in about 12 years if the money is invested.
Post Office Monthly Income Plan
The Post Office Monthly Income Plan (MIS) offers 6.6 per cent interest, which doubles in about 10 years if the money is invested.
Post Office Senior Citizens Savings Plan
The Post Office’s Senior Citizens Savings Plan (SCSS) currently pays 7.4%interest, which doubles your money in 9 years.
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