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Post Office Schemes: From Kisan Vikas Patra to RD, these schemes will offer you more interest than banks

Speed News Desk | Updated on: 28 December 2019, 16:22 IST

If you want to invest your money and also looking for schemes that can increase their invested amount then the post office will solve your problem. Post Office is offering several schemes that will not only increase your amount but also keep your money safe. Because the government of India itself guarantees a safe return. Also, there is no limit of money deposit in the post office of India.

People who want to keep their money safe and secure then they can invest in a post office. The best part of India Post Office that it is offering more rate of interest in comparison to several banks in India.

So, here is the list of plans where you can invest in 2020 and get a good rate of interest:

1. Kisan Vikas Patra:

Under this scheme, you will get an interest at the rate of 7.6 percent.

2. Post Office RD:

In this scheme, the account holder will get interest at the rate of 7.2 percent.

3. Post Office National Saving Certificate (NSC):

In this scheme, the policyholder will get interest at the rate of 7.9 percent. Let us tell you that the government reviews the interest of the schemes every three months.

4. Post Office Time Deposit Account (TD):

Under this scheme, you will get a 6.9 percent interest on deposits of one year and two years. At the same time, on five-year deposits, the policyholder will get interest at the rate of 7.7 percent.

5. Post Office Public Provident Fund (PPF):

This scheme will give you a 7.9 percent rate of interest.

Also Read:  Post Office Scheme: Invest Rs 1000 under this scheme and get Rs 72,500; know how

First published: 28 December 2019, 16:22 IST
 
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