If you also want to double your money, then you can resort to these options. Also, you are telling that in which plan you will have to wait for the money to double …
Everyone wants the money kept with them to double soon. People who have more money to invest, they invest money in many different ways. But, if you have less money and you want that the cost of your capital also doubles, then you also have many options. In such an example, if you have 1 lakh rupees to tell you, how can you double it.
In such a situation, you are told many options, so that you can easily make your 1 lakh rupees to 2 lakh rupees. If you also want to double your money, then you can resort to these options. Also, you are telling how long you have to wait for the money to double in the plan… Let us know the formula of doubling the money…
Kisan Vikas Patra
This Kisan Vikas Patra is known for paying more interest than FD. From April 1, 2020 onwards, in the Kisan Vikas Patra (KVP), you get an annual interest rate of 6.9 per cent, whereas earlier this interest was more. If you invest in this scheme of the government, then your money doubles in 10 years and 4 months. That is, it takes 124 months for the money to double. In this case, you can double 1 lakh rupees in about 10 years.
NSC
In the National Savings Certificate of the post office, you get money according to the interest rate of about 8 percent. In such a situation, if you invest 1 lakh rupees in National Saving Certificate, then you will get double money for 9 lakh rupees. But before investing in it, read the good column containing the terms and conditions.
Kisan Vikas Patra: This scheme of the government will double your money, No risk in investment
Share Market
By investing in the stock market, you can double this money in a short time. However, the risk in the stock market is equally high. It is possible that the value of your money may decrease in a few years. Also, you have to keep an eye on it, while in other schemes you can be relaxed after depositing money. Similarly, there is also a mutual fund, because they keep profiting you according to the market.
Fixed Deposit
On the other hand, if you make FDs in banks like SBI, ICICI Bank, HDFC Bank, PNB, then it will take up to 10.5 years to double your money here. In this, after depositing one lakh rupees, you can get double rupees after about 10 years.
