Post Office: In today’s time, whether a working person or a businessman, everyone is worried about their future. Everyone wants that he should not face any financial problems in old age, hence he starts saving on time.
But there are many people who are investing their small savings in various types of schemes. The government is also giving you good returns in these schemes. If you are also thinking of a similar scheme, then we have brought a scheme for you in which you will get good and double profits by investing.
Get 7.5% interest
Let us tell you that Kisan Vikas Patra Yojana (KVP) is being run by the Post Office which is a better scheme for every citizen of the country. In this scheme, any Indian citizen can open his account and can open it through single or joint account.
In the Post Office Kisan Vikas Patra Scheme, an account is opened with a minimum of Rs 1000 and in this scheme you get interest at the rate of 7.5% on the amount deposited. Earlier in this scheme you were given interest at the rate of 7% but from July 1, 2023 its rate has been increased to 7.5%.
Money will double in 115 months
Let us tell you that people are liking the Kisan Vikas Patra Yojana (KVP) of the Post Office so much that the number of investors in it is continuously increasing. In fact, just as the number of investors is increasing, the tenure for doubling the invested amount is also decreasing.
Earlier the amount invested in this scheme used to double in 123 months and then in 120 months, but now it doubles in 115 months only. You are given compound interest on the amount invested in the Kisan Vikas Patra Scheme run by the Post Office.
In this scheme you can open single or double account. If you open a single account in Kisan Vikas Patra Yojana and have invested Rs 5 lakh, then at the interest rate of 7.5%, this amount becomes Rs 20 lakh in 9 years 7 months i.e. 115 months. The interest rate available on this scheme is reviewed every 3 months.
It is very easy to open an account in KVP
In this, any Indian citizen can open his account but the account of children below 10 years of age is opened in the name of their parents or guardian. After the child turns 10 years old, he becomes its owner himself.
