In this post we will discuss the best Government fd schemes to double your hard earned money with zero risk of market. This is all time high in demand in Indian Investors.
1. Post Office Time Deposit
The time deposit scheme of the post office comes at number one. This scheme is the best to double the money. In this, one gets the benefit of interest at the rate of 7 percent on time deposits ranging from 1 to 3 years.
2. Post Office Monthly Income Scheme (MIS)
If we talk about the second number, then the Post Office Monthly Income Scheme, which is also known as MIS. In this, you get the benefit of interest at the rate of 7.1 percent.
3. Post Office Senior Citizens Savings Scheme
In the Senior Citizen Savings Scheme of the Post Office, interest at the rate of 8 percent will be benefited. Depositors get guaranteed safe investment along with regular income. This is one of the best longterm Government FD Schemes.
4. Post Office Savings Account
It takes maximum time to double the money in Post Office Savings account because the rate of interest is also low in it. At present, customers are getting interest at the rate of 4 per cent in this.
5. Post Office Recurring Deposit
In Post Office Recurring Deposit, you get the benefit of interest at the rate of 5.8 percent. You can check your return through RD calculator.
Also read: UAE Freelancer Visa: Cost, Eligibility, and How to Apply
6. Post Office National Savings Certificate
7 percent interest is being received on the National Savings Certificate of the post office. The maturity of this Fixed Income Savings Scheme is 5 years.
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