Kisan Vikas Patra Yojana: It is not wise to keep the savings money deposited in the bank. You should invest your savings in a good place. In this episode, today we are going to tell you about a very great scheme of the post office.
Its name is Kisan Vikas Patra Yojana. If you are planning to invest in a good place for a long time period, then this scheme can prove to be a good option for you. Kisan Vikas Patra Yojana is a popular scheme in the country. The special thing is that by investing in this scheme, you do not have to face the dangers of any kind of market risks. It is completely safe in terms of investment. This scheme works to give good returns along with savings to small and middle class investors.
You are currently getting an interest rate of 7.5 percent on investing in the Kisan Vikas Patra scheme. In this scheme, you get the option of opening an account both singly and jointly. You have to make a lump sum investment in the Kisan Vikas Patra scheme.
You can invest a minimum of 1 thousand rupees in the Kisan Vikas Patra scheme. On the other hand, if we talk about the maximum limit of investment, it has not been fixed. Your money invested in this scheme doubles in 115 months.
If you invest a lump sum of Rs 4 lakh in this scheme, then if calculated at the current interest rate of 7.5 percent, after 115 months your money will double and you will get a total of Rs 8 lakh.
The interest on post office investment schemes is determined every third month. In this scheme, you can also open an account in the name of children above ten years of age.
