Investment Tips: In these 6 government schemes your money will double, and the risk is also zero..
There are many investment options in the market, in which you can invest money. Although returns are available on all types of investments, this is the option that will double your money quickly. Today we will tell you about some such options in which your money is safe as well as you get a good return.
If you also want to calculate the return on your investment and want to know in which type of option the money doubles quickly. For this, you will have to apply the Rule of 72 formula to your investment. For this, whatever interest you get, whatever result comes after dividing 72, that will be the time to double your money. We tell you the complete calculation of how much time will it take to choose which option.
1. Bank FD: Currently the interest rates of Bank FD have increased and many banks give interest up to 8 percent. If we look at this interest, then your money will double in 9 years.
2. PPF: PPF is giving 7.1 percent interest per annum. It will take 10.14 years for your money to double.
3. Sukanya Samriddhi Yojana: In this scheme, the interest has increased to 8.2 percent since January. If you divide this interest by 72, then your money will double in 8.7 years.
4. Kisan Vikas Patra: In this government scheme, 7.5 percent interest is being given. If you divide this interest by 72, then it comes to 9.6, which means your money will double in 9.6 years.
5. NSC: National Saving Certificate is currently giving 7.7 percent interest. According to this interest rate, your money will double in 9.3 years.
6. NPS: The National Pension System gives an average interest of 10 to 11 percent. If you consider the average interest rate of 10.5 percent, your money will double in 6.8 years.
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