Kisan Vikas Patra (KVP) - Rightsofemployees.com https://www.rightsofemployees.com Know Your Rights Tue, 13 Feb 2024 06:08:24 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.4 https://www.rightsofemployees.com/wp-content/uploads/2018/01/cropped-emp1-32x32.png Kisan Vikas Patra (KVP) - Rightsofemployees.com https://www.rightsofemployees.com 32 32 Superhit scheme of post office! money will be doubled in just so many months with guarantee, know https://www.rightsofemployees.com/superhit-scheme-of-post-office-money-will-be-doubled-in-just-so-many-months-with-guarantee-know/ Tue, 13 Feb 2024 06:08:24 +0000 https://www.rightsofemployees.com/?p=26944 Post Office KVP : Your investment amount in KVP i.e. Kisan Vikas Patra can double in 115 months. Know full details here. Know benefits and eligibility kisan vikas patra post office schemes. At present, investments are made in many types of schemes to earn money. In this context, if you are looking for such a […]

The post Superhit scheme of post office! money will be doubled in just so many months with guarantee, know first appeared on Rightsofemployees.com.

]]> Post Office KVP : Your investment amount in KVP i.e. Kisan Vikas Patra can double in 115 months. Know full details here. Know benefits and eligibility kisan vikas patra post office schemes.

At present, investments are made in many types of schemes to earn money. In this context, if you are looking for such a scheme in which you can get good interest from long term investment, then Kisan Vikas Patra (Kisan Vikas Patra-KVP) can prove to be a good option for you.

This is considered a good savings scheme of the post office. The special thing is that the amount invested in KVP doubles in 115 months. Read all the information from interest to benefits here.

Who can open KVP account

Under Kisan Vikas Patra Yojana, any adult person can open a single or joint account. Apart from this, children above 10 years of age can also open KVP account in their own name. Parents can open an account on behalf of a minor or a mentally unstable person.

Start investing from Rs 1000

A minimum investment of Rs 1000 and in multiples of Rs 100 can be made in Kisan Vikas Patra Yojana. Note, one of its special features is that you can invest as much money as you want in KVP and there is no limit on opening accounts.

Investment amount will double in 115 months

7.5% interest is offered annually on KVP account. By investing in this, your amount will double in 115 months. This means if you invest Rs 1 lakh, you will get Rs 2 lakh after 115 months. Whereas, if you deposit Rs 10 lakh in KVP account then it can be converted into Rs 20 lakh.

What are the benefits of investing in KVP?

  • Kisan Vikas Patra Scheme is not affected by the ups and downs of the stock market.
  • There is a government guarantee on the PO scheme, so you do not need to worry about whether you will get returns or not.
  • KVP account can be opened in any post office.
  • KVP account matures in 115 months but you will continue to get interest till you withdraw money from the account.
  • You can take a secured loan through Kisan Vikas Patra.
  • While opening Kisan Vikas Patra account, documents like Aadhar card, age certificate, passport size photo, KVP application form etc. are required. You can also transfer your KYP account.

The post Superhit scheme of post office! money will be doubled in just so many months with guarantee, know first appeared on Rightsofemployees.com.

]]> Post Office Doubling money Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details https://www.rightsofemployees.com/post-office-doubling-money-plan-doubling-money-with-post-office-scheme-rs-100000-to-rs-200000-in-124-months-know-here-complete-details/ Fri, 10 Feb 2023 15:28:34 +0000 https://www.rightsofemployees.com/?p=11189 Post Office scheme: If you want guaranteed returns in the long term, then you can invest in post office schemes. On some schemes of the post office, investors are getting more interest than the fixed deposits (FDs) of many banks. Post Office Public Provident Fund (PPF), Sukanya Samriddhi Yojana and Senior Citizen Savings Scheme (SCSS) […]

The post Post Office Doubling money Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details first appeared on Rightsofemployees.com.

]]> Post Office scheme: If you want guaranteed returns in the long term, then you can invest in post office schemes. On some schemes of the post office, investors are getting more interest than the fixed deposits (FDs) of many banks.

Post Office Public Provident Fund (PPF), Sukanya Samriddhi Yojana and Senior Citizen Savings Scheme (SCSS) are some of the schemes where you can get more than 7 per cent returns. At the same time, in another popular scheme Kisan Vikas Patra (KVP), you can take advantage of 6.9 percent compound interest annually. Here we will tell what is special in the Kisan Vikas Patra (KVP) scheme.

Kisan Vikas Patra (KVP)

KVP is an interesting scheme. This scheme can double your deposit amount in 10 years and 4 months (124 months) at the prevailing interest rate. If you start a KVP deposit of Rs 1 lakh today, it will increase to Rs 2 lakh in the next 124 months.

The current interest rate of 6.9% on KVP deposits is higher than that of many bank fixed deposits. Let us have a look at some of the key features of this small savings scheme-

  • Minimum and Maximum Deposit: You can deposit a minimum of Rs 1000 in KVP and then in multiples of Rs 100. There is no maximum limit for investment under this scheme. You can open any number of KVP accounts.
  • Maturity: The amount deposited under KVP matures as per the period prescribed by the Ministry of Finance from time to time. Currently, if you deposit today, it will mature after 124 months. However, premature withdrawal is allowed in special circumstances.
  • Transfer : In case of death of the account holder, the KVP account for the nominee/legal heir can be transferred from person to person- to the joint holder on the death of the account holder; On the orders of the Court and mortgage of the account to the Specified Authority.

Should I invest in Small Savings Scheme?

Small savings schemes like KVP offered by the post office offer guaranteed returns to investors who cannot afford to lose their hard earned money. Apart from this, many post office schemes like PPF, SSY and SCSS offer higher interest rates and tax benefits as compared to term deposits of banks.

However, if you are not afraid of taking risks, you can invest in market-oriented schemes like mutual funds and stocks. Here you can get higher returns and double the money faster than in the post office scheme. But before investing in mutual funds or stocks, you should do thorough research and consult a professional financial advisor.

The post Post Office Doubling money Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details first appeared on Rightsofemployees.com.

]]> Post Office Scheme Penalty: Do not withdraw money before maturity in these schemes of Post Office, otherwise… https://www.rightsofemployees.com/post-office-scheme-penalty-do-not-withdraw-money-before-maturity-in-these-schemes-of-post-office-otherwise/ Wed, 25 Jan 2023 08:04:32 +0000 https://www.rightsofemployees.com/?p=10365 Post Office Scheme Penalty: Most people in the country prefer to invest in post office than bank. Because in the post office people get more interest than the bank. Along with this, post office investment is safe and gives guaranteed returns . Various schemes are run in the post office from ordinary citizens to senior […]

The post Post Office Scheme Penalty: Do not withdraw money before maturity in these schemes of Post Office, otherwise… first appeared on Rightsofemployees.com.

]]> Post Office Scheme Penalty: Most people in the country prefer to invest in post office than bank. Because in the post office people get more interest than the bank. Along with this, post office investment is safe and gives guaranteed returns .

Various schemes are run in the post office from ordinary citizens to senior citizens. In such a situation, all the schemes are such that they mature in 5 years. If you want to withdraw money before their maturity, then you may have to bear some loss in the form of penalty.

Post Office Monthly Saving Scheme (Post Office MIS)

In Post Office MIS i.e. Monthly Income Scheme, you have to deposit a lump sum amount for 5 years. Through this, you can get a fixed amount every month for 5 years as income. After 5 years you get your money back. But if you need money before 5 years, then you have to pay penalty.

If you withdraw money between one year to three years, then 2% of the deposit amount will be deducted and returned. On the other hand, if the account is more than three years old but you want to withdraw money before 5 years, then after deducting 1% from the deposited amount, the deposit amount is returned to you.

Recurring Deposit Account

Post office recurring deposit account is also for 5 years. Investors of Recurring Deposit Account get the facility of withdrawal after 3 years. On premature withdrawal, you will get the benefit of the rate of interest as per the savings account only.

Senior Citizens Saving Scheme

In this post office scheme also you have to invest for 5 years. The deposit matures after 5 years from the date of opening the account. But if you have to withdraw money from it before five years, then penalty has to be paid. In this, 1.5% of the deposit amount is deducted for withdrawing money before completion of 2 years and 1% of the deposit amount is deducted as penalty for withdrawing money after 2 years.

PPF scheme (Public Provident Fund)

This scheme is of 15 years, but it has a lock in period of 5 years. But if after 5 years you can withdraw money with certain conditions and close the account. But 1% interest is deducted from the date of account opening till the date of closure.

Kisan Vikas Patra (KVP)

This scheme, which doubles the investment in 124 months, has a lock-in period of 30 months. In this scheme, if you withdraw money before 1 year, then you will not get any interest on it. According to the scheme, the investor will also have to pay a penalty for withdrawing money. Interest will be earned on withdrawing money between 1 year to 2.5 years, but the amount will be reduced. After 2.5 years, if the KVP is broken and the money is withdrawn, then no penalty will be imposed and the return will be given according to the interest rate prevailing at that time.

The post Post Office Scheme Penalty: Do not withdraw money before maturity in these schemes of Post Office, otherwise… first appeared on Rightsofemployees.com.

]]> Post Office New Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details https://www.rightsofemployees.com/post-office-new-plan-doubling-money-with-post-office-scheme-rs-100000-to-rs-200000-in-124-months-know-here-complete-details-78956/ Thu, 19 Jan 2023 13:29:54 +0000 https://www.rightsofemployees.com/?p=10082 Post Office scheme: If you want guaranteed returns in the long term, then you can invest in post office schemes. On some schemes of the post office, investors are getting more interest than the fixed deposits (FDs) of many banks. Post Office Public Provident Fund (PPF), Sukanya Samriddhi Yojana and Senior Citizen Savings Scheme (SCSS) […]

The post Post Office New Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details first appeared on Rightsofemployees.com.

]]> Post Office scheme: If you want guaranteed returns in the long term, then you can invest in post office schemes. On some schemes of the post office, investors are getting more interest than the fixed deposits (FDs) of many banks.

Post Office Public Provident Fund (PPF), Sukanya Samriddhi Yojana and Senior Citizen Savings Scheme (SCSS) are some of the schemes where you can get more than 7 per cent returns. At the same time, in another popular scheme Kisan Vikas Patra (KVP), you can take advantage of 6.9 percent compound interest annually. Here we will tell what is special in the Kisan Vikas Patra (KVP) scheme.

Kisan Vikas Patra (KVP)

KVP is an interesting scheme. This scheme can double your deposit amount in 10 years and 4 months (124 months) at the prevailing interest rate. If you start a KVP deposit of Rs 1 lakh today, it will increase to Rs 2 lakh in the next 124 months.

The current interest rate of 6.9% on KVP deposits is higher than that of many bank fixed deposits. Let us have a look at some of the key features of this small savings scheme-

Minimum and Maximum Deposit: You can deposit a minimum of Rs 1000 in KVP and then in multiples of Rs 100. There is no maximum limit for investment under this scheme. You can open any number of KVP accounts.
Maturity: The amount deposited under KVP matures as per the period prescribed by the Ministry of Finance from time to time. Currently, if you deposit today, it will mature after 124 months. However, premature withdrawal is allowed in special circumstances.
Transfer : In case of death of the account holder, the KVP account for the nominee/legal heir can be transferred from person to person- to the joint holder on the death of the account holder; On the orders of the Court and mortgage of the account to the Specified Authority.

Should I invest in Small Savings Scheme?

Small savings schemes like KVP offered by the post office offer guaranteed returns to investors who cannot afford to lose their hard earned money. Apart from this, many post office schemes like PPF, SSY and SCSS offer higher interest rates and tax benefits as compared to term deposits of banks.

However, if you are not afraid of taking risks, you can invest in market-oriented schemes like mutual funds and stocks. Here you can get higher returns and double the money faster than in the post office scheme. But before investing in mutual funds or stocks, you should do thorough research and consult a professional financial advisor.

The post Post Office New Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details first appeared on Rightsofemployees.com.

]]> New Post Office Super Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details https://www.rightsofemployees.com/new-post-office-super-plan-doubling-money-with-post-office-scheme-rs-100000-to-rs-200000-in-124-months-know-here-complete-details/ Thu, 05 Jan 2023 08:28:38 +0000 https://www.rightsofemployees.com/?p=9357 Post Office scheme: If you want guaranteed returns in the long term, then you can invest in post office schemes. On some schemes of the post office, investors are getting more interest than the fixed deposits (FDs) of many banks. Post Office Public Provident Fund (PPF), Sukanya Samriddhi Yojana and Senior Citizen Savings Scheme (SCSS) […]

The post New Post Office Super Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details first appeared on Rightsofemployees.com.

]]> Post Office scheme: If you want guaranteed returns in the long term, then you can invest in post office schemes. On some schemes of the post office, investors are getting more interest than the fixed deposits (FDs) of many banks.

Post Office Public Provident Fund (PPF), Sukanya Samriddhi Yojana and Senior Citizen Savings Scheme (SCSS) are some of the schemes where you can get more than 7 per cent returns. At the same time, in another popular scheme Kisan Vikas Patra (KVP), you can take advantage of 6.9 percent compound interest annually. Here we will tell what is special in the Kisan Vikas Patra (KVP) scheme.

Kisan Vikas Patra (KVP)

KVP is an interesting scheme. This scheme can double your deposit amount in 10 years and 4 months (124 months) at the prevailing interest rate. If you start a KVP deposit of Rs 1 lakh today, it will increase to Rs 2 lakh in the next 124 months.

The current interest rate of 6.9% on KVP deposits is higher than that of many bank fixed deposits. Let us have a look at some of the key features of this small savings scheme-

  • Minimum and Maximum Deposit: You can deposit a minimum of Rs 1000 in KVP and then in multiples of Rs 100. There is no maximum limit for investment under this scheme. You can open any number of KVP accounts.
  • Maturity: The amount deposited under KVP matures as per the period prescribed by the Ministry of Finance from time to time. Currently, if you deposit today, it will mature after 124 months. However, premature withdrawal is allowed in special circumstances.
  • Transfer : In case of death of the account holder, the KVP account for the nominee/legal heir can be transferred from person to person- to the joint holder on the death of the account holder; On the orders of the Court and mortgage of the account to the Specified Authority.

Should I invest in Small Savings Scheme?

Small savings schemes like KVP offered by the post office offer guaranteed returns to investors who cannot afford to lose their hard earned money. Apart from this, many post office schemes like PPF, SSY and SCSS offer higher interest rates and tax benefits as compared to term deposits of banks.

However, if you are not afraid of taking risks, you can invest in market-oriented schemes like mutual funds and stocks. Here you can get higher returns and double the money faster than in the post office scheme. But before investing in mutual funds or stocks, you should do thorough research and consult a professional financial advisor.

The post New Post Office Super Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details first appeared on Rightsofemployees.com.

]]> Post Office Launch New Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details https://www.rightsofemployees.com/post-office-launch-new-plan-doubling-money-with-post-office-scheme-rs-100000-to-rs-200000-in-124-months-know-here-complete-details/ Tue, 27 Dec 2022 07:28:25 +0000 https://www.rightsofemployees.com/?p=9015 Post Office scheme: If you want guaranteed returns in the long term, then you can invest in post office schemes. On some schemes of the post office, investors are getting more interest than the fixed deposits (FDs) of many banks. Post Office Public Provident Fund (PPF), Sukanya Samriddhi Yojana and Senior Citizen Savings Scheme (SCSS) […]

The post Post Office Launch New Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details first appeared on Rightsofemployees.com.

]]> Post Office scheme: If you want guaranteed returns in the long term, then you can invest in post office schemes. On some schemes of the post office, investors are getting more interest than the fixed deposits (FDs) of many banks.

Post Office Public Provident Fund (PPF), Sukanya Samriddhi Yojana and Senior Citizen Savings Scheme (SCSS) are some of the schemes where you can get more than 7 per cent returns. At the same time, in another popular scheme Kisan Vikas Patra (KVP), you can take advantage of 6.9 percent compound interest annually. Here we will tell what is special in the Kisan Vikas Patra (KVP) scheme.

Kisan Vikas Patra (KVP)

KVP is an interesting scheme. This scheme can double your deposit amount in 10 years and 4 months (124 months) at the prevailing interest rate. If you start a KVP deposit of Rs 1 lakh today, it will increase to Rs 2 lakh in the next 124 months.

The current interest rate of 6.9% on KVP deposits is higher than that of many bank fixed deposits. Let us have a look at some of the key features of this small savings scheme-

  • Minimum and Maximum Deposit: You can deposit a minimum of Rs 1000 in KVP and then in multiples of Rs 100. There is no maximum limit for investment under this scheme. You can open any number of KVP accounts.
  • Maturity: The amount deposited under KVP matures as per the period prescribed by the Ministry of Finance from time to time. Currently, if you deposit today, it will mature after 124 months. However, premature withdrawal is allowed in special circumstances.
  • Transfer : In case of death of the account holder, the KVP account for the nominee/legal heir can be transferred from person to person- to the joint holder on the death of the account holder; On the orders of the Court and mortgage of the account to the Specified Authority.

Should I invest in Small Savings Scheme?

Small savings schemes like KVP offered by the post office offer guaranteed returns to investors who cannot afford to lose their hard earned money. Apart from this, many post office schemes like PPF, SSY and SCSS offer higher interest rates and tax benefits as compared to term deposits of banks.

However, if you are not afraid of taking risks, you can invest in market-oriented schemes like mutual funds and stocks. Here you can get higher returns and double the money faster than in the post office scheme. But before investing in mutual funds or stocks, you should do thorough research and consult a professional financial advisor.

The post Post Office Launch New Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details first appeared on Rightsofemployees.com.

]]> Post Office New Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details https://www.rightsofemployees.com/post-office-new-plan-doubling-money-with-post-office-scheme-rs-100000-to-rs-200000-in-124-months-know-here-complete-details-456789/ Fri, 16 Dec 2022 08:00:27 +0000 https://www.rightsofemployees.com/?p=8543 Post Office scheme: If you want guaranteed returns in the long term, then you can invest in post office schemes. On some schemes of the post office, investors are getting more interest than the fixed deposits (FDs) of many banks. Post Office Public Provident Fund (PPF), Sukanya Samriddhi Yojana and Senior Citizen Savings Scheme (SCSS) […]

The post Post Office New Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details first appeared on Rightsofemployees.com.

]]> Post Office scheme: If you want guaranteed returns in the long term, then you can invest in post office schemes. On some schemes of the post office, investors are getting more interest than the fixed deposits (FDs) of many banks.

Post Office Public Provident Fund (PPF), Sukanya Samriddhi Yojana and Senior Citizen Savings Scheme (SCSS) are some of the schemes where you can get more than 7 per cent returns. At the same time, in another popular scheme Kisan Vikas Patra (KVP), you can take advantage of 6.9 percent compound interest annually. Here we will tell what is special in the Kisan Vikas Patra (KVP) scheme.

Kisan Vikas Patra (KVP)

KVP is an interesting scheme. This scheme can double your deposit amount in 10 years and 4 months (124 months) at the prevailing interest rate. If you start a KVP deposit of Rs 1 lakh today, it will increase to Rs 2 lakh in the next 124 months.

The current interest rate of 6.9% on KVP deposits is higher than that of many bank fixed deposits. Let us have a look at some of the key features of this small savings scheme-

  • Minimum and Maximum Deposit: You can deposit a minimum of Rs 1000 in KVP and then in multiples of Rs 100. There is no maximum limit for investment under this scheme. You can open any number of KVP accounts.
  • Maturity: The amount deposited under KVP matures as per the period prescribed by the Ministry of Finance from time to time. Currently, if you deposit today, it will mature after 124 months. However, premature withdrawal is allowed in special circumstances.
  • Transfer : In case of death of the account holder, the KVP account for the nominee/legal heir can be transferred from person to person- to the joint holder on the death of the account holder; On the orders of the Court and mortgage of the account to the Specified Authority.

Should I invest in Small Savings Scheme?

Small savings schemes like KVP offered by the post office offer guaranteed returns to investors who cannot afford to lose their hard earned money. Apart from this, many post office schemes like PPF, SSY and SCSS offer higher interest rates and tax benefits as compared to term deposits of banks.

However, if you are not afraid of taking risks, you can invest in market-oriented schemes like mutual funds and stocks. Here you can get higher returns and double the money faster than in the post office scheme. But before investing in mutual funds or stocks, you should do thorough research and consult a professional financial advisor.

The post Post Office New Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details first appeared on Rightsofemployees.com.

]]> New Post Office Plan: Big news! Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details https://www.rightsofemployees.com/new-post-office-plan-big-news-doubling-money-with-post-office-scheme-rs-100000-to-rs-200000-in-124-months-know-here-complete-details-756897/ Sat, 19 Nov 2022 08:28:28 +0000 https://www.rightsofemployees.com/?p=7333 Post Office scheme: If you want guaranteed returns in the long term, then you can invest in post office schemes. On some schemes of the post office, investors are getting more interest than the fixed deposits (FDs) of many banks. Post Office Public Provident Fund (PPF), Sukanya Samriddhi Yojana and Senior Citizen Savings Scheme (SCSS) […]

The post New Post Office Plan: Big news! Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details first appeared on Rightsofemployees.com.

]]> Post Office scheme: If you want guaranteed returns in the long term, then you can invest in post office schemes. On some schemes of the post office, investors are getting more interest than the fixed deposits (FDs) of many banks.

Post Office Public Provident Fund (PPF), Sukanya Samriddhi Yojana and Senior Citizen Savings Scheme (SCSS) are some of the schemes where you can get more than 7 per cent returns. At the same time, in another popular scheme Kisan Vikas Patra (KVP), you can take advantage of 6.9 percent compound interest annually. Here we will tell what is special in the Kisan Vikas Patra (KVP) scheme.

(KVP)

KVP is an interesting scheme. This scheme can double your deposit amount in 10 years and 4 months (124 months) at the prevailing interest rate. If you start a KVP deposit of Rs 1 lakh today, it will increase to Rs 2 lakh in the next 124 months.

The current interest rate of 6.9% on KVP deposits is higher than that of many bank fixed deposits. Let us have a look at some of the key features of this small savings scheme-

  • Minimum and Maximum Deposit: You can deposit a minimum of Rs 1000 in KVP and then in multiples of Rs 100. There is no maximum limit for investment under this scheme. You can open any number of KVP accounts.
  • Maturity: The amount deposited under KVP matures as per the period prescribed by the Ministry of Finance from time to time. Currently, if you deposit today, it will mature after 124 months. However, premature withdrawal is allowed in special circumstances.
  • Transfer : In case of death of the account holder, the KVP account for the nominee/legal heir can be transferred from person to person- to the joint holder on the death of the account holder; On the orders of the Court and mortgage of the account to the Specified Authority.

Should I invest in Small Savings Scheme?

Small savings schemes like KVP offered by the post office offer guaranteed returns to investors who cannot afford to lose their hard earned money. Apart from this, many post office schemes like PPF, SSY and SCSS offer higher interest rates and tax benefits as compared to term deposits of banks.

However, if you are not afraid of taking risks, you can invest in market-oriented schemes like mutual funds and stocks. Here you can get higher returns and double the money faster than in the post office scheme. But before investing in mutual funds or stocks, you should do thorough research and consult a professional financial advisor.

The post New Post Office Plan: Big news! Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details first appeared on Rightsofemployees.com.

]]> Post Office New Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details https://www.rightsofemployees.com/post-office-new-plan-doubling-money-with-post-office-scheme-rs-100000-to-rs-200000-in-124-months-know-here-complete-details-647856/ Mon, 03 Oct 2022 21:29:31 +0000 https://www.rightsofemployees.com/?p=4845 Post Office scheme: If you want guaranteed returns in the long term, then you can invest in post office schemes. On some schemes of the post office, investors are getting more interest than the fixed deposits (FDs) of many banks. Post Office Public Provident Fund (PPF), Sukanya Samriddhi Yojana and Senior Citizen Savings Scheme (SCSS) […]

The post Post Office New Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details first appeared on Rightsofemployees.com.

]]> Post Office scheme: If you want guaranteed returns in the long term, then you can invest in post office schemes. On some schemes of the post office, investors are getting more interest than the fixed deposits (FDs) of many banks.

Post Office Public Provident Fund (PPF), Sukanya Samriddhi Yojana and Senior Citizen Savings Scheme (SCSS) are some of the schemes where you can get more than 7 per cent returns. At the same time, in another popular scheme Kisan Vikas Patra (KVP), you can take advantage of 6.9 percent compound interest annually. Here we will tell what is special in the Kisan Vikas Patra (KVP) scheme.

Kisan Vikas Patra (KVP)

KVP is an interesting scheme. This scheme can double your deposit amount in 10 years and 4 months (124 months) at the prevailing interest rate. If you start a KVP deposit of Rs 1 lakh today, it will increase to Rs 2 lakh in the next 124 months.

The current interest rate of 6.9% on KVP deposits is higher than that of many bank fixed deposits. Let us have a look at some of the key features of this small savings scheme-

  • Minimum and Maximum Deposit: You can deposit a minimum of Rs 1000 in KVP and then in multiples of Rs 100. There is no maximum limit for investment under this scheme. You can open any number of KVP accounts.
  • Maturity: The amount deposited under KVP matures as per the period prescribed by the Ministry of Finance from time to time. Currently, if you deposit today, it will mature after 124 months. However, premature withdrawal is allowed in special circumstances.
  • Transfer : In case of death of the account holder, the KVP account for the nominee/legal heir can be transferred from person to person- to the joint holder on the death of the account holder; On the orders of the Court and mortgage of the account to the Specified Authority.

Should I invest in Small Savings Scheme?

Small savings schemes like KVP offered by the post office offer guaranteed returns to investors who cannot afford to lose their hard earned money. Apart from this, many post office schemes like PPF, SSY and SCSS offer higher interest rates and tax benefits as compared to term deposits of banks.

However, if you are not afraid of taking risks, you can invest in market-oriented schemes like mutual funds and stocks. Here you can get higher returns and double the money faster than in the post office scheme. But before investing in mutual funds or stocks, you should do thorough research and consult a professional financial advisor.

The post Post Office New Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details first appeared on Rightsofemployees.com.

]]>