In today’s market, it is hard to secure your future without investing, especially with rising inflation. Many people know this, but still, some are reluctant to invest or cannot find trustworthy investment options.
From this point of view, the post office offers several schemes where you can safely invest your money. These schemes return your money at the end of the investment period without any risk. One such scheme is the Kisan Vikas Patra (KVP) Scheme. If you invest in this scheme, your money will double in 9 years and 7 months. It is a safe investment with guaranteed returns.
Currently, the Central Government of India is giving 7.5% interest on the Kisan Vikas Patra (KVP) Scheme. If you invest in this scheme, you will definitely benefit. After the maturity period, you will get double your money. This scheme requires a one-time investment, meaning you deposit the money only once.
Many people think that since it is called the Kisan Vikas Patra Scheme, only farmers can invest. This is not true. All common people can invest their savings in this scheme. It was first launched for farmers but later made available for the general public. You can withdraw your money after two and a half years of investment.
Besides KVP, you can also invest in the National Savings Certificate (NSC) Scheme of the post office. The interest rate in NSC is higher than fixed deposits. If you invest for five years, you will get 7.5% interest.
If you want to invest in fixed deposits, you will get:
6.9% interest for 1 year
7% interest for 2 years
7.1% interest for 3 years
Now you can choose to invest in any of these safe post office schemes.