How many years FD will double in post office?
The number of years it takes for a fixed deposit (FD) to double in a post office can vary depending on the interest rate and the compounding frequency. To calculate this, you can use a post office FD calculator, which takes into account the interest rate, compounding frequency, and deposit amount.
For example, if you have a deposit of Rs. 10,000 at an interest rate of 5.5% per annum and the interest is compounded quarterly, it will take approximately 13 years and 4 months for your deposit to double.
It's important to note that the actual time it takes for your FD to double may differ slightly based on the specific terms and conditions of your deposit account.
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