Post Office Kisan Vikas Patra Yojana: The name of this scheme is Kisan Vikas Patra Yojana. This scheme is quite popular in the country. Many people invest their money in this savings scheme.
Post Office Kisan Vikas Patra Yojana: If you want to invest your savings money in a place where you get good returns, then today we are going to tell you about a very great scheme of the post office. The name of this scheme is Kisan Vikas Patra Yojana. This scheme is very popular in the country.
Many people invest their money in this savings scheme. By investing in this scheme, you do not have to face the dangers of any kind of market risks. This scheme is completely safe in terms of investment. If you want to get good returns along with savings, then you can invest here. In this scheme, you have to invest a lump sum, while your investment amount doubles after a few months. In this episode, let us know about it in detail –
At present, you are getting an interest rate of 7.5 percent on investing in the Kisan Vikas Patra scheme of the post office. In this scheme of the post office, you can also open an account in the name of a child above 10 years of age.
In the Kisan Vikas Patra scheme of the post office, you can invest a minimum of Rs 1000 in multiples of 100. On the other hand, if we talk about the maximum investment limit, it has not been fixed. You can invest as much money as you want in this scheme.
If you invest a lump sum of Rs 5 lakh in the Kisan Vikas Patra scheme, then if calculated at the current interest rate of 7.5 percent, this money will become Rs 10 lakh at the time of maturity after 115 months. Therefore, investors will get a total of Rs 10 lakh at the time of maturity.
The interest rate received on the money invested in this scheme is calculated on the basis of compounding. You can open your account in this scheme both singly and jointly.
