how we can double a money in one sec
Answers
There are many investment avenues which can increase money twice the original. Corporate deposits is one of them. Non banking financial companies (NBFCs) and Corporates offer higher interest rates for non-convertible debentures and corporate deposits, in comparison to fixed deposits of banks. The rate of return for these deposits is around 9 to 10%, based on ICRA ratings and term of the deposit. It would take around 8 years for the money invested in this scheme, to double. Corporate deposits are issued by companies while on the other hand NCDs are issued by companies that also include NBFCs.
Though made defunct in 2012, Kisan Vikas Patra (KVP) was reinstated in 2015-16. Since there was no rein on the income source invested in the scheme, and anyone could buy a plan from KVP, the policy was discontinued, However, according to new regulations, PAN card is mandatory in order to invest the Kisan Vikas Patra scheme worth Rs 50,000 paid in cash. The current rate of interest offered by KVP is 8.70% per annum, where the money will be doubled in approximately 8 years.
Corporate Deposits/Non-Convertible Debentures (NCD)
There are many investment avenues which can increase money twice the original. Corporate deposits is one of them. Non banking financial companies (NBFCs) and Corporates offer higher interest rates for non-convertible debentures and corporate deposits, in comparison to fixed deposits of banks. The rate of return for these deposits is around 9 to 10%, based on ICRA ratings and term of the deposit. It would take around 8 years for the money invested in this scheme, to double. Corporate deposits are issued by companies while on the other hand NCDs are issued by companies that also include NBFCs.
plz mark me as the BRAINLIEST