- What is the benefit of RD in post office?
- What’s the safest investment with the highest return?
- What is the FD rate in post office?
- Are post office deposits safe?
- Can I double my money in 5 years?
- Which FD scheme is best?
- What is the interest of 1 lakh in post office?
- Is Post Office Rd tax free?
- How many years FD will double in post office?
- Which is better Post Office FD or bank FD?
- How can I invest 50k wisely?
- How much money is safe in post office?
- Is Rd better than FD?
- Which scheme is best in post office?
- How can I earn 50 lakhs in 5 years?
What is the benefit of RD in post office?
Post Office recurring deposit scheme is a government-backed scheme that offers guaranteed returns.
The scheme has a medium-length tenure and people can start investing from as low as Rs.
100 per month for a period of 5 years.
The tenure can be extended in blocks of 5 years as well..
What’s the safest investment with the highest return?
Safe Investments With High ReturnsSafe Investments With High Returns.High Dividend Stocks.Certificates of Deposit (CDs)Money Market Funds.U.S. Treasury Securities.Treasury Inflation-Protected Securities (TIPS)Municipal Bonds.Annuities.More items…•
What is the FD rate in post office?
India Post Office FD Rates 2020TenureFD interest ratesSenior Citizen FD interest rates7 days to 1 year5.50%5.50%1 year 1 day to 2 years5.50%5.50%2 years 1 day to 3 years5.50%5.50%3 years 1 day to 5 years6.70%6.70%Nov 25, 2020
Are post office deposits safe?
Government-backed schemes like post office saving schemes and bank fixed deposits are safe and they also offer assured returns. However, the trouble with them is that they offer only modest returns. Often the post-tax returns fail to beat inflation. When that happens over a long period, your money loses its value.
Can I double my money in 5 years?
Similarly, if you want to double your money in five years, your investments will need to grow at around 14.4% per year (72/5). If your goal is to double your invested sum in 10 years, you should invest in a manner to earn around 7% every year. Rule of 72 provides an approximate idea and assumes one time investment.
Which FD scheme is best?
List of 10 best FD schemes for 3 yearsFincare Small Finance Bank. Fincare offers better rates of interest when compared to other banks in the industry. … KTDFC. … Shriram City. … Mahindra Finance. … Sundaram Finance. … LVB. … ICICI Home Finance. … Yes Bank.More items…
What is the interest of 1 lakh in post office?
India Post Office FDs have tenures ranging from 3 years 1 day to 5 years with maximum rate of interest of 6.70%….India Post Office Fixed Deposit Calculator 2020.TenureRatesMaturity Amount for ₹ 1 Lakh3 years 1 day to 5 years6.70% to 6.70%₹ 1,22,081 – ₹ 1,39,4073 more rows•Nov 25, 2020
Is Post Office Rd tax free?
The Post Office 5 year RD also comes under the tax exemption under section 80C up to Rs. 1,50,000 limit. The interest is chargeable to tax as per tax slab and interest of more than Rs. 10,000 per annum is applicable to TDS of 10%.
How many years FD will double in post office?
10 yearsThe annual interest is credited to the investor’s savings account at his/her option. How many years will FD double in the post office? At the interest rate of 7%, a post office fixed deposit investment will double in 10 years and four months.
Which is better Post Office FD or bank FD?
Five-year post office deposit is offering 6.7 per cent whereas SBI’s five-year FD is offering 5.40 per cent. … The effective interest rate for senior citizen bank FDs is as follows: SBI one-year FD is 5.40 per cent, HDFC Bank one-year FD is 5.60 per cent and ICICI Bank one-year FD is 5.50 per cent.
How can I invest 50k wisely?
How to Invest 50k?Get an Emergency Fund.Pay Off Debt.Determine Your Goals and Risk Tolerance.Understand Which Kind of Investor You Are.Understand the Difference Between Passive and Active Investing.Invest in Individual Stocks.Invest in Real Estate.Invest in Individual Bonds.More items…
How much money is safe in post office?
Soon after the PMC crisis, the RBI assured investors that the banking system was safe. However, the fact that the deposit insurance scheme provides protection for a maximum of ₹1 lakh per depositor in a bank has is a concern in some quarters.
Is Rd better than FD?
The interest amount earned at the end of maturity of a Fixed Deposit is higher than the interest earned on an RD. The interest amount earned is lesser than the interest earned on an FD. The interest earned on an RD is paid on maturity along with the capital amount.
Which scheme is best in post office?
3. Comparison of the various Post office savings schemesSchemeInterest RatePost Office Monthly Income Scheme Account (MIS)7.6% per annum payable monthlySenior Citizen Savings Scheme (SCSS)8.6% p.a. (Compounded annually)15-year Public Provident Fund Account (PPF)7.9% p.a. (Compounded annually)5 more rows•Nov 4, 2020
How can I earn 50 lakhs in 5 years?
How Can You make Rs. 50 lakh in 5 years?1.HDFC Small Cap Fund.2.L&T Emerging Businesses Fund.Parag Parikh Long Term Equity Fund.Mirae Asset India Equity Fund.The Moderate Investor.1.Invesco India Contra Fund.Axis Focused 25 Fund.3.Principal Focused Multicap Growth Fund.More items…•