Post Office Scheme: Double your money in just 115 months by investing in this great scheme of Post Office! Know the details
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Kisan Vikas Patra: Post Office keeps launching small savings schemes according to the needs of every section. Today we are going to tell you about a small savings scheme Kisan Vikas Patra. If you are looking for a risk-free investment plan then Kisan Vikas Patra can be a great option for you. This gives customers excellent interest and doubles their money in the long run.
Under the Kisan Vikas Patra Scheme, you are getting the benefit of compound interest rate of 7.5 percent on the amount deposited in the October to December quarter. The special thing about this scheme is that you can invest as much amount as you want in it.
The post office has not set any upper limit on the amount to be invested. You can invest a minimum of Rs 1000 in the scheme. If you invest Rs 10 lakh in this scheme, you can get a total of Rs 20 lakh in 9 years 7 months i.e. 115 months.
The post office gives the option to open this account both single and joint. Joint account can be opened by three people together. If an account holder dies before maturity, the amount deposited in the account will be given to the nominee or heir. Whereas if you want to close the account before maturity, then you can do so after 2 years and 6 months.
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