How can I double my money in Indian bank?
You can double your amount in 9-10 years by investing in PPF. You can open PPF account in the post office as well as in the banks. The PPF has a minimum tenure of 15 years, but you can extend the investment in blocks of 5 years each time. You have to contribute at least once in a year till maturity.
How many years FD will double in Indian bank?
So 72/6.95 = 10.36. So it will take a little more than 14 years for one’s investment to get doubled in Indian Bank.
How many years FD will double in bank?
To know the time duration in which your FD amount will get doubled, you have to divide 72 with the highest rate. For example, if the highest rate on FD is 6.95%, then the number of years in which your FD will get doubled is 72/6.95= 10.36. Thus, it will take 10 years for your FD to get doubled.
Which scheme is best for double money?
Here are some options to double your money:
- Tax-free Bonds. Initially tax- free bonds were issued only in specific periods.
- Kisan Vikas Patra (KVP)
- Corporate Deposits/Non-Convertible Debentures (NCD)
- National Savings Certificates.
- Bank Fixed Deposits.
- Public Provident Fund (PPF)
- Mutual Funds (MFs)
- Gold ETFs.
Which bank give double the money?
Comparison of Double Benefit Schemes
| Bank Name | Interest Rate | Duration of Double |
|---|---|---|
| National Bank | 11.25 % | 6 Years 5 Months |
| Premier Bank | 11.07 % | 6 Years 6 Months |
| NRB Commercial Bank | 11.07 % | 6 Years 6 Months |
| Padma Bank | 11.07 % | 6 Years 6 Months |
How can I double my money in 30 days in India?
Here are some best 5 ways to double your money fast.
- Stock Market. Investments made in the stock market have always given a high rate of returns to people.
- Mutual Funds (MFs)
- National Savings Certificates.
- Corporate Deposits/Non-Convertible Debentures (NCD)
- Kisan Vikas Patra (KVP)
How much interest will I get for 10 lakhs?
Monthly Payout
| Investment amount | Monthly interest | Cumulative interest for 5 years |
|---|---|---|
| 1 lakh | Rs. 526 | Rs. 37,009 |
| 5 lakh | Rs.2,629 | Rs. 185,043 |
| 10 lakh | Rs.5,258 | Rs.3,70,087 |
| 15 lakh | Rs. 7,887 | Rs.5,55,130 |
Is Kisan Vikas Patra still available?
3. From where to buy Kisan Vikas Patra Certificate. Certificates are available at all India Post Offices and KVP Application forms are available online as well as at India Post Offices and select banks.