Fixed deposit double scheme in Post Office

Fixed Deposit Double Scheme in Post Office

Fixed deposits (FDs) are widely considered as one of the most reliable investment options, offering stability and assured returns. The Post Office, with its trusted reputation and wide reach, provides individuals with an accessible platform to invest in FDs. In this article, we will delve into the Fixed Deposit Double Scheme offered by the Post Office. We will explore its features, benefits, and how it can help individuals achieve their financial goals.

Fixed Deposit Double Scheme

The Fixed Deposit Double Scheme is a unique offering by the Post Office that allows individuals to double their investment within a specified period. Under this scheme, investors deposit a fixed amount for a predetermined tenure, and at the end of the tenure, the investment amount doubles. The scheme provides a structured approach to help investors achieve their financial objectives in a fixed timeframe.

Key Features and Benefits of the Fixed Deposit Double Scheme

  1. Doubling of Investment: The primary benefit of this scheme is that it guarantees the doubling of the invested amount at the end of the tenure. This can be particularly attractive for individuals with specific financial goals, such as saving for a down payment on a house or funding their child’s education.
  2. Fixed Tenure: The scheme has a predetermined tenure, typically ranging from 6 years to 10 years, depending on the specific offering. This fixed tenure allows individuals to plan their investment and align it with their long-term financial goals.
  3. Attractive Interest Rates: The Post Office offers competitive interest rates on the Fixed Deposit Double Scheme, ensuring that investors can maximize their returns. It’s advisable to compare the interest rates offered by different Post Offices and choose the one that provides the most favorable rate.
  4. Government-Backed Security: The Post Office is a government-backed institution, providing a sense of security and reliability to investors. The Fixed Deposit Double Scheme benefits from this assurance, making it an attractive option for risk-averse individuals.
  5. Tax Benefits: Under Section 80C of the Income Tax Act, investments in the Fixed Deposit Double Scheme are eligible for deductions up to Rs. 1.5 lakh in a financial year. This can help individuals reduce their tax liabilities while working towards their doubling goal.

Investing in the Fixed Deposit Double Scheme

Investing in the Fixed Deposit Double Scheme requires careful consideration and planning. Here are some key steps to follow:

  1. Determine Your Financial Goals: Before investing, clearly define your financial objectives and the timeframe in which you want to achieve them. This will help you choose the appropriate tenure for your FD.
  2. Research Interest Rates: Conduct thorough research to identify the Post Offices offering the most competitive interest rates for the Fixed Deposit Double Scheme. Compare the rates and choose the one that provides the best returns on your investment.
  3. Calculate the Investment Amount: Once you have chosen the Post Office and the tenure, calculate the amount you need to invest to achieve your doubling goal. Keep in mind that the investment amount should be feasible and align with your financial capabilities.
  4. Complete the Application Process: Visit the selected Post Office and complete the necessary documentation and application process for the Fixed Deposit Double Scheme. Provide all the required details accurately to ensure a smooth investment experience.
  5. Track Your Investment: Once you have invested in the scheme, regularly monitor the progress of your investment. Stay updated with the interest accrual and any additional information provided by the Post Office.


The Fixed Deposit Double Scheme offered by the Post Office provides individuals with an attractive investment option to double their money within a fixed period. With its fixed tenure, competitive interest rates, and government-backed security, the scheme appeals to investors seeking stability and assured returns. By carefully considering their financial goals, conducting thorough research, and investing in the Fixed Deposit Double Scheme, individuals can work towards achieving their doubling objectives. It’s important to evaluate your investment needs, consult with financial advisors if necessary, and make informed decisions to ensure that the scheme aligns with your long-term financial goals. The Fixed Deposit Double Scheme in Post Office can serve as a valuable tool for individuals looking to grow their savings and secure their financial future.

Written by

Nandeshwar Katenga

Nandeshwar Katenga is a dynamic figure in the digital world, combining a foundation in Computer Programming with a passion for Digital Marketing, Web/App development, Personal finance, and blogging. His diverse skill set creates a unique blend of expertise that sets him apart in the tech world.

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