If you are looking for a good scheme to get good returns on your savings, then this news is especially for you. Today we are going to tell you about a very great scheme of the post office, where your money will double in a few months on investing. The name of this scheme of the post office is Kisan Vikas Patra Yojana. This scheme is quite popular in the country.
The special thing about this scheme is that by investing in it, you do not have to face the dangers of any kind of market risks. At present, you are getting an interest rate of 7.5 percent on investing in the Kisan Vikas Patra scheme. Kisan Vikas Patra Yojana is a lump sum investment scheme. In this, you have to invest money together. Let's know about this scheme in detail -
In Kisan Vikas Patra Yojana, you can open both single and joint accounts. In this scheme, you can also open a joint account with three people. It is mandatory to add a nominee while opening an account in Kisan Vikas Patra Yojana.
If you invest a lump sum of Rs 5 lakh in Kisan Vikas Patra Yojana, then you will get a return of 7.5 percent. If calculated at the current interest rate of 7.5 percent, then it will take about 115 months for your money to double. That is, after 115 months you will have a total of Rs 10 lakh.
Earlier the interest rate of Kisan Vikas Patra Yojana was low, so it took about 120 months for the money to double. However, due to increase in interest rate, now your money doubles in less time than before.
The interest rate you get in Kisan Vikas Patra Yojana is calculated on compounding basis. In this scheme of post office, you can start investing from Rs 1 thousand.
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