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Today technology has given a platform where people can educate themselves before making any financial decision. This medium helps us explore all the alternatives before making any financial decision. Investment is one aspect where people get multiple options but choosing the best out from all which suits your need is quite challenging. As few of us like to make investment which can generate quick returns, few want to invest to generate regular returns and few wants to invest to get double the amount of money they invested after a set period of time.

So here we are going to help those who like to keep their investment safe with doubling their invested money. Lets have a look at all those schemes available in the market which offers you the benefit of doubling money and decide which scheme attracts us the most:-

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Double Deposit Scheme By State Bank of Hyderabad

State Bank Of Hyderabad (SBH), have launched a new special term deposit scheme where your deposit gets doubled in a set period of time. This scheme doubles your amount of deposit in 87 months i.e 7 years 3 months.

Isnt great, this scheme offers you complete safety with higher returns. The interest rate on this deposit scheme is 9.70%. Lets have look at other key features of the scheme:-

• The rate of interest for senior citizens is 10.20% which makes their deposit doubles in just 83 months.
• This scheme is available to both resident and non-resident Indian individuals.
• Depositor can avail loan on his deposits.
• Nomination facility is available.

Central Bank Of India

Central Bank of India has launched a special scheme which offers you the benefit to double your deposits in a set period of time. This scheme is named as ‘Cent Double’ where you can deposit your money to get double the amount of deposit you made in 90 months i.e 7 years and 6 months of time.

This scheme is valid only upto 31st December 2011. The interest rate on this deposit scheme is 9.35%. Lets have look at other key features of the scheme:-

• The rate of interest for senior citizens is 9.85% which makes their deposit doubles in just 87 months.
• Depositor can avail loan on his deposits.
• Nomination facility is available.

Tamilnad Mercantile Bank

Tamilnad Mercantile Bank (TMB) latest deposit scheme ‘TMB Double’ offers you to double your deposit in a set period of time. This scheme offers high rate of interest which makes your deposit double in 7 years and 7 days.

Lets have look at other key features of the scheme:-

• The rate of interest for senior citizens is higher which makes their deposit doubles in just 82 months and 5 Days
• Depositor can avail loan upto 90% of the deposit amount.
• Nomination facility is available.

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Andhra Bank

Andhra Bank (AB) deposit scheme ‘AB Double Scheme’ offers you to double your deposit in a set period of time. This scheme offers high rate of interest which makes your deposit double in 105 months i.e 8 years and 9 months w.e.f. 08.10.2010.

Lets have look at other key features of the scheme:-

• The rate of interest for senior citizens is higher which makes their deposit doubles in just 99 months w.e.f. 08.10.2010.

Check

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