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Post Office Scheme: In today’s era of inflation, every person wants to save some part of his income so that he can secure his future financially.
Keeping this concern of the general public in mind, now the Indian Post Office has started some savings schemes in which you can invest and get good returns after a certain time. The savings scheme run by the post office is becoming very popular among the people and people are also investing in it.
One of these investment schemes launched by the post office is Kisan Vikas Patra Yojana, which is a small savings scheme. Everyone from small to big can invest in this scheme.
By investing in this scheme, the post office is giving you huge profits in which you can get double the benefit. Let us tell you that this is one of the most beneficial and good return saving schemes launched by the Post Office.
This savings scheme launched by the post office will be very beneficial for you because after a certain time your money will double. You are getting 7 percent interest in the Kisan Vikas Patra Scheme started by the Post Office. If you invest in this scheme for 9 years and 7 months i.e. 115 months, your money doubles.
Actually, let us tell you that in the Kisan Vikas Patra Scheme of the Post Office, interest is given in the form of compound interest. This means that if you invest Rs 5 lakh in this scheme, then after a certain time your amount will become Rs 10 lakh. You can start investing in Post Office Kisan Vikas Patra Scheme with a minimum of ₹ 1000 and there is no limit on the maximum investment.
Apart from this, any Indian citizen can start investing in Kisan Vikas Patra Scheme. Whereas parents or guardians of children below 10 years of age can invest in this scheme. But when the child turns 10 years old, he himself becomes its owner.
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