Post Office's amazing scheme - Rightsofemployees.com https://www.rightsofemployees.com Know Your Rights Mon, 08 Sep 2025 06:06:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.rightsofemployees.com/wp-content/uploads/2018/01/cropped-emp1-32x32.png Post Office's amazing scheme - Rightsofemployees.com https://www.rightsofemployees.com 32 32 Post Office’s amazing scheme! Deposit Rs. 12,500 and get ₹40,00,000.. check details here https://www.rightsofemployees.com/post-offices-amazing-scheme-deposit-rs-12500-and-get-%e2%82%b94000000-check-details-here/ Mon, 08 Sep 2025 06:06:24 +0000 https://www.rightsofemployees.com/?p=48299 Post Office Scheme: This is a very popular scheme among small investors in India. Most people want to invest a part of their income in a safe place where they can earn interest. Usually, when we think of savings, the first thing that comes to our mind is the savings schemes of the post office. […]

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]]> Post Office Scheme: This is a very popular scheme among small investors in India. Most people want to invest a part of their income in a safe place where they can earn interest.

Usually, when we think of savings, the first thing that comes to our mind is the savings schemes of the post office. It offers a variety of schemes. The post office offers a variety of schemes to benefit everyone, including children, girls and the elderly. This is because most of the post office schemes are risk-free. The money you invest here is safe. Similarly, the interest rates on these are also attractive. It is also guaranteed by the government.

One of these schemes is the Public Provident Fund Scheme (PPF). It is a very popular scheme among small investors in India. Most people want to invest a part of their income in a safe place where it can earn interest. This scheme is a good way for such people. This scheme offers more than 7 percent interest per annum. Accordingly, if you invest every month, you can get a big profit after 15 years.

Currently, the government offers a tax-free annual interest rate of 7.1% on the PPF scheme. The money you invest is tax-free. The interest earned on that money is tax-free. And the amount received at maturity is also tax-free. However, the lock-in period of this scheme is 15 years. Therefore, the entire amount cannot be withdrawn midway. You can open an account in this scheme with Rs 500. The maximum investment is Rs 1.5 lakh. Even people with low income can easily get it.’

How to get Rs 40 lakh?: For example, if you invest Rs 12,500 every month, you will have a total of Rs 22.5 lakh in 15 years. Also, with an interest rate of 7.1%, you will get an interest of around Rs 18.18 lakh. That is, at the end of 15 years, you will have Rs 40.68 lakh. In this, you can reduce or increase the investment amount.

Another important benefit of this scheme is the loan facility. You can apply for a loan after the first financial year of opening the account. You can withdraw a small amount after five years of opening the account.

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]]> Post Office’s amazing scheme, money will double without any risk, know how to become a millionaire https://www.rightsofemployees.com/post-offices-amazing-scheme-money-will-double-without-any-risk-know-how-to-become-a-millionaire/ Fri, 28 Jun 2024 09:37:25 +0000 https://www.rightsofemployees.com/?p=30830 KISAN VIKAS PATRA YOJNA- The government runs different schemes to promote savings in the country. You can invest in these schemes through bank or post office. Many of these schemes double your money in a few months. Today we are going to tell you about one such scheme. Read the full news… Many government schemes […]

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]]> KISAN VIKAS PATRA YOJNA- The government runs different schemes to promote savings in the country. You can invest in these schemes through bank or post office. Many of these schemes double your money in a few months. Today we are going to tell you about one such scheme. Read the full news…

Many government schemes are offered by the post office. These schemes also give good returns to the people after a period of time. Post office schemes save you from risk as compared to the stock market or any other place. If you are planning to invest without any risk, then today we are going to tell you about one such scheme which will double the invested money.

Kisan Vikas Patra (KVP) certificates are income savings schemes that offer guaranteed returns to depositors under different conditions. According to the India Post portal, indiapost.gov.in, for the quarter ended June 30, these certificate investment schemes are offering an interest rate of 7.5-7.7 per cent.

Kisan Vikas Patra (KVP)

This Kisan Vikas Patra scheme of the post office will double your money in a few months. In this scheme, you can invest at least Rs 1000 in multiples of 100. The most special thing about this scheme is that there is no limit for it. You can invest as much money as you want.

Kisan Vikas Patra or KVP is a small savings scheme that aims to double your investment amount. The minimum investment is Rs 1000/- and there is no maximum limit. A KVP account can be opened by any single adult or a joint account with a maximum of 3 adults. A guardian can also open an account on behalf of a minor or a minor above 10 years of age can open an account in his/her own name.

Benefits of this scheme

  • It is a safe investment with capital protection.
  • In this scheme, you will get an interest rate of 7.5 percent per annum. Please note that these interest rates are revised on a quarterly basis.
  • Its maturity period of 115 months includes interest compounded annually.
  • There is no deduction under 80C in this scheme. Returns are taxable with TDS at 10 per cent per annum.
  • Premature withdrawal is allowed after 30 months or under certain circumstances.
  • The minimum investment is Rs 1,000, with no upper limit.
  • You can use KVP certificate as collateral for loan.

Who is eligible to apply?
Any Indian citizen aged 18 years or above can invest in KVP. Hindu Undivided Families (HUFs) and NRIs are not eligible to invest in KVP.

Kisan Vikas Patra Calculator
At the current interest rate of 7.50 per cent for the April-June 2024 quarter, an investment of Rs 1 lakh in KVP will double to Rs 2 lakh in 9 years and 7 months. There is no tax deduction benefit on KVP. Also, your income is taxable at your slab rate.

If someone invests Rs 5 lakh under this scheme and keeps investing in this scheme till maturity i.e. 115 months, then the investor will get Rs 10 lakh on maturity.

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