Today we are telling you about such a scheme of the post office in which if you deposit money, you get double its amount on maturity. If you invest in this, you get 7.5% annual interest. If you want to invest money without risk, then you can save your savings in the KVP Scheme of the Post Office. Like we told you that by investing in it your money doubles. This is true, an example of which is given below.
You can start investing in Post Office ‘Kisan Vikas Patra Scheme’ with as little as ₹ 1000. If we talk about maximum, then only a limited amount of money can be deposited.
What tax benefits will you get?
Like we have told you earlier, out of all the schemes available in the post office, there are some such schemes. In which you get tax exemption on depositing money and there are some schemes in which you do not get tax exemption on depositing money.
If we talk about Post Office KVP Scheme, then you have to pay tax on the interest earned i.e. whatever interest you get. However, you do not get tax exemption under Section 80c of Income Tax.
Know what is Kisan Vikas Patra Scheme
How much money will have to be invested in Kisan Vikas Patra, a small savings scheme run by the post office. You get double the money at maturity. According to the latest update, you have to deposit money for at least 115 months. Apart from this, you have to deposit the amount in a post and not through any scheme. However, this scheme is quite beneficial for those who want to invest for a long period. If you want to deposit money then you also get many other benefits. People can do this. To invest in Kisan Vikas Patra Scheme, the age of the investor should be at least 18 years. Apart from this, your citizenship should be of India. However, There are some people who cannot invest in it like this scheme has not been implemented for any trust, apart from this now divided Hindu families which are called NRI or HUF. For this also this scheme was not implemented. In this, the facility of opening joint account of single account is also provided.
By investing in the Indian Post Office scheme, you get the facility of pre-mature withdrawal in future. Note that you can withdraw money prematurely only when you have completed 2 years and 6 months of investment. Apart from this, money can be withdrawn prematurely only when the account holder dies due to any reason. Along with this, pre-mature withdrawal can be done on the orders of the court.
Rs 1 lakh 50 thousand will be given Rs 3 lakh
For your information, let us tell you that a person can open a single account in the post office scheme. But the maximum amount he can deposit in it is Rs 9 lakh. Whereas a person opening a joint account can invest a maximum of Rs 15 lakh.
Suppose you deposit Rs 1 lakh 50 in this scheme, then you get Rs 3 lakh on maturity at the rate of 7.5 percent. But note that to get this much money you have to invest for 9 years and 7 months.
