10 Ways to Double your Money Fast in India?

Written By Sushma Singh

Doubling your money sounds like a scam, isn’t it? What if it isn’t a scam, and we could tell you 10 ways to double your money fast in India.

Talking of doubling money, the first thing that comes in mind is a scam. However, there various legal and genuine schemes that help you to double your hard-earned money with some knowledge of the market and sheer patience, but before we begin let’s understand THUMB RULE 72.

Thumb Rule gives the estimation of the following:

  • The time period to double your money at a given rate of return.
  • The rate of return at which your money will be double at a given time period.

For Example:

If you want to double your money in 5 years, then you will have to invest money in a scheme, which gives you 72/5= 14.4% returns per annum. Similarly, if you have invested your money, which gives you a return of 8% p.a. your money will be doubled in 72/8= 9 years.

Coming back to the various ways to double your money here are some of them:

10 Ways to Double your Money Fast in India?


Generally, Tax-Free Bonds are hard to find; however, luckily, the government has granted permission to seven state-run entities to issue tax-free bonds amounting to Rs.40,000 crore. Coupon Rate offered by tax-free bonds generally varies between 8.20% to 8.50% per annum (Tax-Adjusted Return) depending on the tenure. Therefore, you can double your money in a time period of 8 to 9 years by investing in Tax-Free Bonds.


Investors looking for better investment avenues and having a higher risk appetite must go for corporate deposits. NBFCs and Corporates lack RBI backing like banks, therefore offer a higher rate of interest somewhere between 9 to 10 % depending upon the tenure and their CRISIL and ICRA, which will help you double your money in 8 years.


Postal Department of India issues the National Savings Certificates. They are considered as one of the safest ways of investment as they come with a fixed interest rate and a fixed tenure that is either for 5 years or 10 years. The interest rates offered NSCs is 8.50% p.a. and 8.80% p.a. for 5 years and 10 years respectively.

Also Read: 20 Tax-Saving Tips For Small Business Owners & Startups


Also known as the post office money doubling scheme, this scheme was abolished in 2012, but then it started again in this current financial year, the reason being people used to buy them using black money, but after maturity, the black money became legit. This loophole was removed by furnishing PAN CARD for buying KVP in cash of above 50,000.

It offers an 8.75% rate of interest per annum that helps you doubles the money in 8 years and 4 months.


PPF is another safest and the most trusted means of investing money that enables every earning individual be it salaried, self-employed, or even government employee to save and invest as low as Rs 500 per year, but it comes with a lock-in period of 15 years.

  • The rate is fixed by Central Government Quarterly (every three months)
  • The PPF rate for July – September 2019 (Q2 FY 19-20) is 7.9%.


Investing in Real Estate requires not only a hefty amount of money and patience but also knowledge. In order to generate considerable returns, one has to invest a large sum. The rate of return in the case of real estate is also hard to predict as the rate totally depends on demand and supply.


The stock market is one such area where you can turn from billionaire to bankrupt in no time and vice versa. High risk resulting in High Rewards is the most important characteristic of investing in the stock market. Doubling money is easy in the stock market with proper knowledge of the market.

Also Read: 12 Best Stock Market Trading Apps In India


Investing in gold is a very profitable way of getting good returns for your money, even though the returns of gold are highly volatile. However, still, it manages to give CAGR (Cumulative Annual Growth Rate) of 22% over the past 5 years. This means it will take around 3 to 4 years to double your money. Investing in gold is very popular among Indians, as it is considered to be a symbol of wealth among Indians.


Investors looking for better returns at the cost of a little risk can always go for mutual funds. Mutual funds are of various types, namely debt-oriented, equity-oriented, ELSS, Balanced or Hybrid Mutual Funds, etc. Mutual funds tend to give a return of 12% to 15% p.a in the long run, which makes it a good choice for investing. Thus, it will take around 5 to 6 years for you to double your money using mutual funds.


Bank deposits remain the first choice of Indian investors even though there are various pros and cons with this form of investment. The current rate of interest in bank fixed deposits remains somewhere around 8-9%, so it will take 8-9 years to double the money.

The bottom line: 

In the current era, it is not only important to work for money but also to invest it wisely so as to make your money work for you. The recent years have marked a remarkable awareness in people regarding how to manage their finances and to invest. The proper knowledge of investing fundamentals is a must for getting your money doubled in a short while in a legit way with minimum risk.

The ways mentioned in the article are some of the most widely used ways to invest the money and generate a considerable return in within a time span of 10 years. The article discusses some of the safest and simplest ways to invest your money like Public Provident Fund, Bank Fixed Deposits, and Kisan Vikas Patra to some of the most volatile ways with the highest returns like Real Estates, Gold, Stock Market.

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Sushma is a full-time blogger and financial expert. Join Sushma and 10,000 monthly readers here to learn how to save and invest your money wisely.

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