For investors who prefer security over high-risk options, Post Office savings schemes provide guaranteed growth and government backing. Among them, plans like Kisan Vikas Patra (KVP) are especially popular as they aim to double your investment over a fixed tenure. However, while these schemes ensure peace of mind, they may not always offer the best returns compared to other safe investment options like Fixed Deposits (FDs).
With Bajaj Finance Fixed Deposit, you can earn assured returns of up to 7.75% p.a., making it one of the most rewarding fixed-income investments today. Book FD.
Key takeaways
Post Office money-doubling plans ensure steady growth over a fixed tenure.
Schemes like KVP, NSC, and POMIS are risk-free and government-backed.
Minimum deposit starts at Rs. 1,000, with no upper limit for many schemes.
Easy to access through Post Office branches across India.
Consistent growth without exposure to market volatility.
List of post office schemes to double the money
The Post Office offers a variety of schemes that guarantee predictable returns. These are designed for long-term wealth accumulation and are ideal for risk-averse investors.
Scheme Name | Tenure | Key Features |
Kisan Vikas Patra (KVP) | 10 years, 4 months | Fixed rate, doubles money at maturity |
Post Office Monthly Income Scheme (MIS) | 5 years | Assured monthly income |
National Savings Certificate (NSC) | 5 years | Fixed returns, tax benefit under Section 80C |
Unlike Post Office schemes, a Bajaj Finance FD offers more flexibility—you can choose a tenure between 12 to 60 months to align with your financial goals. Open FD.
Post Office PPF account
The Public Provident Fund (PPF) is a trusted option for long-term savers. It comes with a 15-year lock-in, tax-free returns, and the security of government backing.
Tenure: 15 years (extendable in 5-year blocks)
Interest Rate: 7.1% (subject to revision)
Minimum Deposit: Rs. 500 annually
Maximum Deposit: Rs. 1.5 lakh annually
Tax Benefits: Contributions, interest, and maturity proceeds are exempt under Section 80C
Post Office Sukanya Samriddhi Yojana
Aimed at securing the financial future of a girl child, SSY offers one of the highest government-backed interest rates.
Tenure: 21 years or until marriage after 18
Eligibility: Girl child below 10 years
Interest Rate: 8% (compounded annually)
Withdrawal: 50% allowed after 18 years for education
Tax Benefits: Contributions and maturity proceeds exempt under Section 80C
This scheme is perfect for parents planning education or marriage expenses with safe returns.
Post Office Senior Citizen Saving Scheme (SCSS)
Designed for retirees, SCSS offers quarterly payouts and attractive returns.
Eligibility: Individuals aged 60+
Interest Rate: 8.2% (subject to revision)
Tenure: 5 years (extendable by 3 years)
Maximum Deposit: Rs. 30 lakh
Payout Frequency: Quarterly interest payouts
Senior citizens can enjoy even better returns with Bajaj Finance FD—up to 7.75% p.a., along with complete safety rated AAA by CRISIL & ICRA. Check eligibility.
National Savings Certificate (NSC)
A popular option for medium-term goals, NSC ensures safe and fixed growth.
Tenure: 5 years
Interest Rate: 7.7% (compounded annually)
Minimum Deposit: Rs. 1,000
Tax Benefits: Eligible under Section 80C
While it provides stability, the returns are lower than what you can earn through certain FDs.
Kisan Vikas Patra (KVP)
KVP is designed to double your investment at a fixed maturity period.
Maturity Period: 124 months (10 years, 4 months)
Minimum Investment: Rs. 1,000
Maximum Investment: No upper limit
Transferable: Between individuals or Post Offices
Post Office Monthly Income Scheme (POMIS)
POMIS ensures a steady monthly income, making it suitable for households seeking regular cash flow.
Tenure: 5 years
Interest Rate: 7.4% (paid monthly)
Maximum Deposit: Rs. 4.5 lakh (single), Rs. 9 lakh (joint)
Payout: Monthly interest
Documents required to open a Post Office (PO) Savings Scheme
To start investing in Post Office schemes, you need:
Identity proof (Aadhar, PAN, Voter ID, Passport)
Address proof (Utility bill, Passport, Aadhar)
Passport-sized photographs
Completed account opening form
KYC documents
Conclusion
Post Office savings schemes like KVP, PPF, and SCSS provide safe, government-backed ways to grow wealth. However, their returns are often modest compared to other secure instruments.
If you want higher interest, flexible tenures, and complete safety, Bajaj Finance Fixed Deposit stands out as the smarter choice. With up to 7.75% p.a. returns for senior citizens, flexible payout options, and a proven track record of trust, it can help you grow your money more efficiently. Open FD account.
