If you want to double your money without any risk, then you have many options. You can double your money in a short time by investing in government schemes. These government schemes are giving guaranteed returns and the money in these schemes is absolutely safe. We are telling you about such four government schemes, where your money will be doubled in a short time.
1. Public provident fund
There can be deposited in public provident fund ie PPF and doubled it in less time. Presently, PPF is getting 7.8 percent interest annually. Given the rate cut in FD, 7.9% interest on this government scheme is quite attractive. You can deposit a maximum of 1.5 lakh rupees in a year in PPF.
2. Sukanya Samriddhi Scheme
You can also deposit money in the Sukanya Samriddhi scheme and double it in less time. However, you can open the account under the name of your daughter under this scheme. At present, this government scheme is getting 8.3 percent interest per year. At present, it is the highest interest in any government scheme. You can also deposit a maximum of 1.5 lakh rupees in a year.
3. National Savings Certificate
You can also double the money in National Savings Certificate i.e. NSAC deposited in a short time. This scheme is specially created for the people of government employees, businessmen and other salaris class people who fall within the income tax. You can also get tax rebate in this scheme for up to Rs 1 lakh in a year. At present, the NSC is getting 7.8 percent annual return. You can deposit any amount in the year under this scheme.
4. Government of India Savings Bonds
Indian Reserve Bank of India issued the Government of India Savings Bonds, 2003. The bond is getting 8 percent annual interest. You can double your money in less time by buying bonds. However, your money is locked for 6 years when you buy bonds. Apart from this, the interest on the bond is taxable.
1. Public provident fund
There can be deposited in public provident fund ie PPF and doubled it in less time. Presently, PPF is getting 7.8 percent interest annually. Given the rate cut in FD, 7.9% interest on this government scheme is quite attractive. You can deposit a maximum of 1.5 lakh rupees in a year in PPF.
2. Sukanya Samriddhi Scheme
You can also deposit money in the Sukanya Samriddhi scheme and double it in less time. However, you can open the account under the name of your daughter under this scheme. At present, this government scheme is getting 8.3 percent interest per year. At present, it is the highest interest in any government scheme. You can also deposit a maximum of 1.5 lakh rupees in a year.
You can also double the money in National Savings Certificate i.e. NSAC deposited in a short time. This scheme is specially created for the people of government employees, businessmen and other salaris class people who fall within the income tax. You can also get tax rebate in this scheme for up to Rs 1 lakh in a year. At present, the NSC is getting 7.8 percent annual return. You can deposit any amount in the year under this scheme.
4. Government of India Savings Bonds
Indian Reserve Bank of India issued the Government of India Savings Bonds, 2003. The bond is getting 8 percent annual interest. You can double your money in less time by buying bonds. However, your money is locked for 6 years when you buy bonds. Apart from this, the interest on the bond is taxable.
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