Post Office Scheme: By investing in this scheme, the money doubles in a few months (Double Income Scheme). In this scheme, you can invest at least Rs 1000 in multiples of 100.
Many government schemes are offered by the post office, which give good profits to the people after a time. The risk in the post office schemes is almost negligible as compared to the stock market or other places. If you also want to earn more money without taking any risk, then today we are going to tell you about such a scheme, which will double the money invested.
This popular scheme of the post office is Kisan Vikas Patra (KVP). This scheme was started especially to give more profit. By investing in this scheme, the money doubles in a few months (Double Income Scheme). In this 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.
Also Read: Credit card limit: When should you increase your credit card limit, what is the right way?
How many accounts can you open?
Both single and double accounts can be opened under the Kisan Vikas Patra Yojana. An account can also be opened in the name of a child above 10 years of age. 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 Yojana.
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.
