Everyone wants to save some of their income and invest it in a place where they get a strong return and the money is also safe. One such scheme is Post Office Scheme, the special thing about which is that the money of those who invest in it doubles in just 115 months. Let us know about this special Kisan Vikas Patra or KVP Scheme in detail…

Scheme to double the money

Small Saving Schemes of Post Office are quite popular in terms of strong returns without risk. In this, Kisan Vikas Patra (KVP) can prove to be an excellent option. By investing in this government scheme, the money doubles in just 115 months. In this, you can invest at least Rs 1000 in multiples of 100. The special thing is that there is no maximum limit in this. You can invest as much money as you want.

This much interest is available on investment

Under this Post Office Scheme, interest is decided on quarterly basis. On the other hand, if we talk about the interest received on KVP scheme, then currently an interest rate of 7.5 percent is being given. This interest is issued on an annual basis. Along with this, let us tell you that an account can also be opened in this Govt Scheme in the name of a child above 10 years of age.

5 lakh rupees will become 10 lakhs

Now let’s talk about how investing in this government scheme doubles the money. So its calculation is very easy. Suppose an investor invests 5 lakh rupees in the Kisan Vikas Patra scheme and stays in this scheme till maturity i.e. 115 months, then he will get 5 lakh rupees only from interest on the basis of 7.5 percent interest. This means that investors will get 10 lakh rupees on maturity. It is worth noting that according to the information available on the post office website, the interest on the amount invested in Kisan Vikas Patra is calculated on a compounding basis.

It is worth noting here that the amount received by the investor also includes tax. The government had first reduced the maturity period of Kisan Vikas Patra from 123 months to 120 months and then it was reduced to 115 months. That is, the benefit of the scheme is available in less time than before.

How many accounts can be opened in KVP

Under the Kisan Vikas Patra Scheme, both single and double accounts can be opened. Along with this, no limit has been set for the number of accounts a person can open. Meaning you can open 2, 4, 6 or as many Kisan Vikas Patra accounts as you want.

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The post Post office’s Dhansu Scheme, Invest money for 115 months, it will double first appeared on Rightsofemployees.com.

Everyone saves some amount from their income and wants to invest it in a place where they not only get a strong return but also keep their money safe. One such Post Office Scheme is Kisan Vikas Patra or KVP Scheme, the special thing about which is that it doubles the investors’ money in just 115 months. Let’s know about this special scheme in detail…

Money doubling scheme

If you also want to earn more money without taking any risk, then this popular scheme of post office Kisan Vikas Patra (KVP) can prove to be great. This scheme was started especially to give more profit. By investing in this government scheme, the money gets doubled in 115 months (Double Income Scheme). You can invest at least Rs 1000 in multiples of 100. The special thing is that there is no maximum limit in this. You can invest as much money as you want.

How many accounts can be opened under the scheme?

Both single and double accounts can be opened under the Kisan Vikas Patra Scheme. An account can also be opened in the name of a child above 10 years of age under this government scheme. Also, a person can open any number of accounts. There is no limit on this either. 2, 4, 6 You can open as many accounts as you want under the Kisan Vikas Patra Scheme.

7.5% interest

Under this scheme of the post office, the interest is decided on a quarterly basis. At present, 7.5% interest is being given under this scheme of the post office. This interest is issued on an annual basis.

Get Rs 10 lakh by investing Rs 5 lakh If someone invests Rs 5 lakh under this scheme and stays in this scheme till maturity i.e. 115 months, then he will get Rs 5 lakh only from interest on the basis of 7.5 percent interest. This means that investors will get Rs 10 lakh on maturity. It is worth noting that tax is included in this.

The government had earlier reduced the maturity period of Kisan Vikas Patra from 123 months to 120 months. Now it has been further reduced to 115 months. According to the information available on the post office website, interest on the amount invested in Kisan Vikas Patra is calculated on a compounding basis. In this scheme, interest on the amount invested is calculated on a compounding basis.

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The post Money Double Scheme: Double your money in just 115 months, See full calculation first appeared on Rightsofemployees.com.

This is the reason why the common man of the country always chooses such an option where along with the security of his investment, better returns are also guaranteed. In such a situation, fixed deposit schemes of banks and savings schemes of post offices are the first choice of common people.

Today, the post office is giving tough competition to the top banks of the country in terms of giving hefty returns to the customers. Meanwhile, the post office has also increased the interest rate offered under the Kisan Vikas Patra (KVP) scheme.

Your money will be doubled before 5 months

The post office has increased the interest rate on Kisan Vikas Patra Saving Schemes from 7.2 per cent to 7.5 per cent. The new interest rates have also been implemented from April 1. Under the Kisan Vikas Patra scheme, investors’ money doubles after a fixed time. When the post office used to pay 7.2 per cent interest on this scheme, it used to take 120 months to double the investors’ money. But now when the interest rate available on the scheme has increased from 7.2 per cent to 7.5 per cent, then instead of 120, your money will double in 5 months less i.e. 115 months (9 years and 7 months).

KVP account can be opened with as little as Rs 1000

Let us tell you that under the Kisan Vikas Patra Saving Scheme, you can open an account with a minimum of Rs 1000. There is no limit on the maximum deposit in this scheme. This post office scheme can be opened with both single and joint accounts. There is an option of joining a maximum of 3 adults in a joint account. If you want to close your account under the Kisan Vikas Patra Scheme, then it can be closed after 2 years and 6 months from the date of opening the account.

The post Post Office Dhansu scheme..! money will be doubled before 5 month, depositing 8 lakhs, you will get 16 lakhs first appeared on Rightsofemployees.com.

The government has announced an increase in the interest rate of Kisan Vikas Patra from the first quarter of the financial year 2023-24. Under this announcement, apart from the increase in the interest rate, the maturity period has also been changed. So let’s know about it in detail.

Interest has increased

After the new update, the new interest rate available in the investment of Kisan Vikas Patra will be 7.5%, which was earlier 7.2%. At the same time, the maturity period has been increased to 115 months. This means that the money deposited under KVP scheme will now double in 115 months. Whereas, earlier its maturity period was 123 months. Explain that the benefit of increased interest rate and reduced maturity period is going to be available till June 30.

Start with Rs 1,000

A minimum amount of up to Rs 1,000 has been fixed for investment in Kisan Vikas Patra. An investment of more than Rs 50,000 can also be made in this. However, for this a PAN card is required. After investment, certificates equal to the investment amount are issued. There is no upper limit for investing in this scheme.

These people can invest money

Any adult can open his account in this scheme for investing in Kisan Vikas Patra. 3 adults can come together to open a joint account. Account can be opened for minor also under this scheme, any minor above 10 years can also open account in his name.

If you want to withdraw the money of the scheme before the maturity period, then penalty has been fixed for this. This penalty is for withdrawing money before one year. If the money is withdrawn between one year and two and a half years, then there is no penalty, but the interest is reduced.

The post Post Office Super Plan: Golden opportunity to invest in this post office scheme, now your money will double in 115 months first appeared on Rightsofemployees.com.

But they back down because they are at risk of losing their money. If you are also one of them, then you can invest in the Kisan Vikas Patra Scheme (KVP) of the post office. Kisan Vikas Patra (KVP) scheme is best for long term investment. In this, your deposited money will always be completely safe. Also, KVV claims its customers to double the amount deposited under this scheme in 10 years and 4 months (124 months). Let us know about this scheme of the post office.

What is Kisan Vikas Patra Yojana?

The duration of this scheme is 124 months i.e. 10 years 4 months. If you have invested in this scheme from 1 April 2021 to 30 June 2021, then the lump sum amount deposited on your behalf doubles in 10 years and 4 months. On Kisan Vikas Patra, you get compound interest of 6.9% per annum. (Post Office Savings Scheme) Investment is made in the form of certificate in Kisan Vikas Patra (KVP). There are certificates up to Rs 1000, Rs 5000, Rs 10,000 and Rs 50,000, which can be bought.

Who can open an account in KVP?

Under this, any Indian person whose age is more than 18 years can open his account in it. However, no upper age limit has been prescribed for opening an account. But under this, KVP certificate can also be bought in the name of a minor. NRI is not eligible for this scheme.

Investment limit in Kisan Vikas Patra

You can buy Kisan Vikas Patra Certificate with a minimum investment of Rs 1,000, there is no maximum investment limit in this scheme, that is, you can put money in this scheme as much as you want. This scheme was started in 1988, then its objective was to double the investment of farmers, but now it has been opened for all. Now it can be said that Kisan Vikas Patra has nothing to do with the farmers at present.

PAN-Aadhaar will have to be given to open an account

There is also a risk of money laundering since there is no investment limit, so in 2014 the government made PAN card mandatory for investments above Rs 50,000. If investing 10 lakh or more, then income proof will also have to be submitted, such as ITR, salary slip and bank statement. Apart from this, Aadhaar also has to be given as an identity card.

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