Post Office Schemes: In which scheme Post Office the money will be doubled, insurance of Rs 10 lakh is available for Rs 399, know the details

Post Office Schemes: As the country progressed on the economic front, there were changes in various services and facilities. The role of many things changed, many left behind their old appearance and wore new shiny clothes. If this period of change can be seen clearly by anyone, it is the post office of the country...that is, the Indian Post. This organization created to carry messages from one place to another is now working in a completely new color. Its work is no longer just about delivering postal mail. The post office is now providing many types of facilities to the citizens of the country. In today's time, the savings schemes run by the government through post are very popular among the people and people are also investing heavily in them. Therefore, today we will tell you about some special schemes of the post, by investing in which you can also get good returns.

How much will you get in 5 years by depositing Rs 1000 in the post office?

If you deposit Rs 1000 every month in the Recurring Deposit Scheme of the Post Office, then you will deposit a total of Rs 60 thousand in five years. In the Recurring Deposit Scheme, interest is given at the rate of 6.7 percent on the investment amount. In this way, you will get Rs 71,369 on your total deposited amount.

Post Office Insurance Scheme 399

Indian Post runs a special Group Accident Protection Insurance Scheme for the economically weaker sections of the country. In this, there is an insurance of Rs 10 lakh at an annual premium of only Rs 399. It has to be renewed every year. To avail of the benefits of this insurance scheme, it is mandatory to have an account with India Post Payments Bank.

In how many years does FD double in the post office?

If you want to double your money by investing in any post office scheme, then you can invest in the Post Office Time Deposit Scheme. If you invest in this scheme for five years, you will get interest at the rate of 7.5 percent. But your investment amount will double in more than five years.

Post Office Monthly Income Scheme

Investing in Post Office schemes is considered safe. You can earn every month by depositing money once in the Post Office Monthly Income Scheme (MIS). The post office claims to provide guaranteed returns. Also, this scheme is not linked to the market. Therefore, market fluctuations have no impact on this scheme. The monthly income scheme matures in five years. In this scheme, you can open an account with Rs 1000. At present, interest is being given at the rate of 7.4 percent on the amount invested in this scheme. This scheme matures in five years.

Post Office 5-year scheme

If you are planning to invest in any post office scheme for five years, then you can choose the recurring deposit scheme. You can start investing by opening an account under the Recurring Deposit Scheme. The minimum amount of investment in this scheme is Rs 100. The central government decides the interest rates of its savings scheme every quarter. Anyone investing in this post office scheme will get annual returns at the rate of 6.7 percent.

Post Office FD Scheme

Post office FD is known as Time Deposit (TD). For investment, you get options of 1, 2, 3, and 5 years. Different interest rates are available for all tenures. For one year, you get annual interest at the rate of 6.9 percent. You get 7.0 percent interest on a two-year account, 7.1 percent interest on a three-year account, and 7.5 percent interest on a five-year account.

Post Office Double Money Scheme

If you want to double the amount of investment in post office, then you can invest in Kisan Vikas Patra Scheme. Kisan Vikas Patra is also known as money doubling scheme. Because the investment amount doubles in 115 months. That means Rs 5 lakh will be converted into Rs 10 lakh in 115 months. In this scheme, the government is offering annual interest at the rate of 7.5 percent on the amount invested. Farmers can start investing in Vikas Patra with Rs 1,000. After this investment can be made in multiples of Rs 100.

Post office balance check number

If you want to check India Post Payments Bank account balance, type 'BAL' and then send it to 7738062873. However, for this it is necessary that your mobile number is registered. To check your post office account balance through missed call, you have to call the toll-free number 155299.