Post Office Scheme: Money will be doubled in this scheme, 1 lakh rupees will be doubled in 124 months, know the scheme
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Post Office Scheme: Money only comes in handy in bad times. That’s why everyone should save to avoid shortage of money. The government has run many schemes for savings. In such a situation sometimes a dilemma arises as to which plan we should invest in. Which will be more beneficial? Apart from this, it also worries that our invested money should also be safe. In such a situation, today we are giving you information about a special scheme of the Post Office, in which your money will not only be safe but it will also double in a specific period.
Kisan Vikas Patra Scheme: There are many such post office schemes including Sukanya Samriddhi Yojana, Senior Citizen Savings Scheme, Post Office Public Provident Fund in which investors get good returns. Among these schemes, one of the post office schemes is Kisan Vikas Patra (KVP). Investors in this scheme currently get interest at 6.9 per cent compound interest per annum.
What is KVP Scheme: The duration of Kisan Vikas Patra scheme is 124 months i.e. 10 years 4 months. If you have invested under this scheme, then after a certain date your amount will double. Farmers can buy certificates up to Rs 1000, Rs 5000, Rs 10000 and Rs 50000 as investment certificates in Vikas Patra.
Investment can start from Rs 1000: Whoever wants to invest can buy Kisan Vikas Patra Certificate for Rs.1000 only. Although there is no maximum limit to invest in this scheme. That is, you can invest as much money as you want in this scheme. Investors can lose single or joint account under this scheme. His money will double in a certain time.
Who can invest: The benefit of Kisan Vikas Patra Yojana is not only for the farmers. Any Indian citizen can invest in this scheme. Yes an NRI cannot avail of the S scheme. The word farmer used in the name of this scheme is because this scheme has been prepared keeping in mind the interests of the farmers.
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