Doubling your money might sound ambitious, but with the right strategy and discipline, it's absolutely achievable. Whether you're a cautious saver or a growth-focused investor, there's a plan for you. The key is to match your investment to your risk appetite, liquidity needs, and long-term goals.
Let’s explore 6 reliable ways to double your money—from government-backed schemes to market-linked options.
1. Public Provident Fund (PPF)
The PPF is a long-term savings tool backed by the Government of India. With an interest rate of around 7.1% compounded annually and tax-free returns, it's ideal for conservative investors.
- Tax benefits under Section 80C
- Returns are fully exempt from tax
- Lock-in period of 15 years with partial withdrawals after 5 years
- Safe and predictable over the long term
Looking for a similar tax-saving option with flexible tenures and guaranteed returns?A Fixed Deposit (FD) offers steady interest, easy liquidity options, and safety for both short- and long-term investors. Check Bajaj Finance FD rates now.
2. National Savings Certificate (NSC)
NSC is a 5-year fixed-income investment available at post offices. With interest compounded annually and paid at maturity, it's a safe medium-term plan.
- Eligible for deduction under Section 80C
- Low-risk and backed by the government
- Suitable for individuals who want to grow their capital securely
Prefer a shorter lock-in and instant account opening?Bajaj Finance FDs let you choose tenures between 12–60 months and start investing with just Rs. 15,000. Open FD account.
3. Kisan Vikas Patra (KVP)
KVP guarantees to double your money in 115 months (~9.5 years), with a fixed interest rate. It’s simple, secure, and ideal for people seeking assured returns.
- No tax benefits, but capital safety is guaranteed
- Available at select post offices
