In this episode, 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. The most important thing is that in the Kisan Vikas Patra Yojana, you do not have to face the dangers of any kind of market risks. This scheme is completely safe. At present, you are getting an interest rate of 7.5 percent on investing in the Kisan Vikas Patra Yojana. In this episode, let us know in how much time you can double your money by investing in this scheme?

In the Kisan Vikas Patra scheme, you can open an account both singly and jointly. In a joint account, you can open an account with three people. In this scheme, you have to make a lump sum investment.

If you invest a lump sum of Rs 5 lakh in this scheme, then if we calculate on the basis of the current interest rate of 7.5 percent, then your money will double in 115 months. After 115 months, you will get a total of Rs 10 lakh.

During this period, you will get a total interest rate of five lakh rupees. The interest rate available in the Kisan Vikas Patra scheme is calculated on a compounding basis.

You can start investing in Kisan Vikas Patra Yojana from Rs 1,000. It is mandatory to add a nominee while opening an account in this scheme. You can easily open an account in this scheme by visiting your nearest post office.

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The post Post Office’s great investment plan, will double your money in these many months first appeared on Rightsofemployees.com.

The first five years of your investment can choose the right path for you, so it is important to choose the right plan during this time. Know here where you can invest your money for good returns in the next five years.

1. ELSS (Equity Linked Savings Scheme)

ELSS is considered one of the most popular schemes for short term. This is a mutual fund scheme, which is managed by a fund manager. Under this, your money is strategically invested in different asset classes. This scheme is linked to the market, so there is risk, but you also get good returns here.

2. ULIP (Unit Linked Insurance Plan)

ULIPs or Unit Linked Insurance Plans are a mix of insurance and investment plans. That means you get double benefit. Apart from this, you get premium protection, diversified asset allocation, tax benefits with systematic withdrawal option. Due to many unique features, this can be a great option for you for the next 5 years.

3. NSC (National Savings Certificate)

This scheme run by the government gives you guaranteed returns. It is like a fixed deposit scheme in a bank, which comes with a lock-in period of 5 years. Now you get interest at the rate of 7.70% on NSC. On this, you can take tax exemption on the annual interest return, tax exemption is also available on the principal amount of the investment.

4. FMP or Fixed Maturity Plan

Fixed maturity plan is also a good option for you. It is a debt based close ended mutual fund, under which invests in debt instruments. Investments are made in such debt instruments, which mature with the scheme itself. Here you can get more returns than bank FD.

5. Liquid Funds

Liquid funds are also a mutual fund, it comes with a maturity period of 91 days. If you are looking for an option with high liquidity in short tenure, then these funds are for you. However, since these funds are market linked, the returns depend on the assets your funds are linked to.

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