Not only in the bank and mutual fund, but investing here will double the amount
All people want to take their money and soon get it twice as soon as possible. For this, people invest in Rupees in different schemes by planning all kinds of things. But someone does not know when the money will be doubled. Money has been doubled in most mutual funds, but people do not believe in investing there and want to stay away from the stock market risk.
In the meantime, you only have the option of bank and post office, many people do not even know that the money will be doubled in the post office or in the bank. We tell you that the amount of money will soon be doubled in the post office compared to the bank.
Twice in 12 years if the bank has Rs.
People have doubled in 12 years for making FD in the bank. SBI currently offers 6% interest on FD 5-10 years. One lakh rupees invested in this interest rate will increase by more than Rs 2 lakh in 12 years.
On the SBI FD:
6% interest (5-10 years on FD)
Investments of 1 lakh rupees
In 12 years, more than 2 lakh rupees
Post office will be doubled in 10 years:
Compared to the bank, the post office will double in 10 years. There is currently 7.6% interest in the post office at the 5-year time deposit. Time Deposit can be done for a maximum of 5 years at a time. In the meantime, if the rupee gets accumulated and deposited with interest, it will be doubled in the post office within 10 years.
Time Deposit at the Post Office:
7.6% Interest (for 5 years)
Investments of 1 lakh rupees
In 10 years, more than 2 lakh rupees will be received.
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