It is not wise to keep savings in the bank. Seeing the speed at which inflation is increasing in today's era, you should invest your savings in good places. 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 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 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 Kisan Vikas Patra Yojana, you can open an account both single and joint. In a joint account, you can open an account with three people. In this scheme, you have to invest a lump sum.
If you invest a lump sum of Rs 5 lakh in this scheme. If calculated 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 time, 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 the Kisan Vikas Patra scheme from Rs 1 thousand. 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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