Post office scheme: The post office is running several types of savings plans for its customers. After the Reserve Bank of India reduced the repo rate, where all banks have cut FD interest rates, the post office has not cut the interest rates of any of its schemes. The post office also runs a scheme in which your money becomes double. Today we will learn about the Kisan Vikas Patra (KVP) scheme of the post office here, in which your money becomes directly double in a fixed period.
7.5 percent interest is available on KVP scheme
The Kisan Vikas Patra is a government scheme, in which your money becomes directly double. All the money you put in this scheme, they become double. Now whether you add 1 lakh rupees to it or add 1 crore rupees. The post office’s KVP scheme is invested outright. This scheme is currently getting 7.5 percent interest. You can deposit at least 1000 rupees in the Kisan Vikas Patra scheme. There is no maximum investment limit in this scheme. That is, you can invest as much money as you want in it.
Scheme is matured in 9 years and 7 months
This scheme of the post office matters 115 months i.e. 9 years and 7 months. That is, your money deposited in this scheme doubles in 115 months. This is a fixed -returned scheme and gets a fixed return with complete guarantee. Along with a single account, a joint account can also be opened in this scheme. Names of maximum 3 people can be added to a joint account. This is the scheme of post office and the post office operates the central government, it simply means that your money in this scheme is completely safe.
Latest business news
