Best Money Doubling Options in India

By SiliconIndia   |   Tuesday, November 29, 2011
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Bangalore: Each and every person makes an investment with a unique investment objective. Some want to get a regular income from their investment and some people want their investment to grow over a period of time. Most often people are asking of how to double their money ethically. As the inflation is prevailing high and reaching at double figures, it should be noted that investors must take wise decisions as to how to invest your money. Lets take a look a few money doubling options. SBH Double Deposit Scheme This scheme aims to double the deposit for customers in the shortest period. At current rates applicable to the scheme the deposit will double in even less time of 83 months in the case of a senior citizen.For example, if a customer deposits Rs. 1,000, in this scheme will see it double in just 87 months. The yields achieved are 13.84 percent (general customers) and 14.56 percent (senior citizens) respectively. in cases where the customer withdraws the deposit after 60 months, in addition to the higher rate of interest there wouldn't be any premature penalty. If you want to avail any loan facility then the minimum deposit required is Rs. 10,000 and multiples of Rs. 1,000 and can be opened at any of the SBH branches. Muthoot Finance Doubling Deposit Scheme This corporate which is an NBFC, has this amazing doubling scheme. The doubling bond doubles the money you invested in the bonds, mainly gold bonds. The interest provided by them is 18.19 percent. They are volatile according to the market run.It is a 66 days scheme. Stock Market Investment By having stocks from different sectors and of different companies in your portfolio you can make good use of your money and expect good returns. By dividing the portfolio in different segments you can reduce risk of stock investment. Also adopt different methods of trading at the stock market including long term trading, short term trading, derivative trading, trading in penny stocks. Above all do your research well to choose the stocks and find out the right entry points.
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