Post office scheme: This scheme of post office is very beneficial for farmers, you should also know

Many schemes are run for the people through the post office. There are different types of schemes that benefit the people. A great scheme is also run by the post office for farmers. Farmers get a lot of benefits from this scheme. By investing through the scheme, farmers can double their investment amount.

The name of this scheme is Kisan Vikas Patra Yojana, it is also called Double Income Scheme. Today we will tell you how farmers can apply for this Kisan Vikas Patra Yojana and in how many months the amount deposited by them will double. What will be the complete process for this, let us tell you.

Money doubles in 124 months

Kisan Vikas Patra Yojana was started for farmers. By investing in the scheme, farmers get a very good return. Talking about this scheme, you get an interest of 7.5 percent in it. The maturity limit in Kisan Vikas Patra Yojana is 10 years 4 months i.e. 124 months. During this period, the money invested in the scheme doubled. Suppose you have invested 5 lakhs in it. Then after 124 months i.e. 10 years and 4 months, you will get 10 lakh rupees.

The best thing about this scheme is that there is no limit on investment in it. That is, if farmers want to invest more money in the scheme, they can do so. There is also no restriction on opening an account in this scheme. 2,4,6, as many accounts as one wants to open. Can be opened under this scheme. Let us tell you that initially, this scheme was only for farmers. But now common citizens can also open an account in it.

How to open an account?

To open an account under the Kisan Vikas Patra Yojana, you have to go to the official website of the post office, after this, you have to click on the option of investment plan. Here you have to click on the option of Vikas Patra Yojana. After this, an application form will come in front of you, after reading this form, you have to fill it.

Along with this, all the required documents will also have to be uploaded. After filling out the form and uploading the documents, you will have to click on the submit option. As soon as you click on submit, the process of opening your account will be completed. Information about this will also come on your registered mobile number.

(PC: Freepik)