New Delhi: Many great schemes are being run by the post office now. The schemes are also such that you can collect double the funds by investing. The Kisan Vikas Patra scheme started by the post office is for public welfare. You can earn a lot by investing in the Kisan Vikas Patra scheme. This scheme is not limited to farmers only, but the common citizens of the country can also earn money by investing in it.
By investing in it, you can get good returns, but if you miss this opportunity, you will miss it. If you are planning to join the Kisan Vikas Patra scheme, then first you can know some important things, which will end your confusion.
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Important things related to the scheme
A small investment in the Kisan Vikas Patra scheme can give you a huge return. At present, the investment has doubled in 9 years and 7 months. If we talk about the interest rate in this, it is 7.5 per cent per annum. This money is compounded annually; that is, your money keeps moving forward with speed over time. The most special thing about the scheme is that you can join it for 18 years.
Parents can also open an account for their child in the scheme. A joint account of a maximum of three persons can be opened in it. To invest in the Kisan Vikas Patra scheme, first you have to open an account. You have to submit a form. After this, your name will be added to the list.
How much money should you invest?
You can invest in the Kisan Vikas Patra scheme with conditions. There will be no problem. In this, you will need to invest a minimum of Rs 1,0000. You can also nominate a person in advance. Loans can also be taken from banks by using the Kisan Vikas Patra certificate as collateral. The certificate is transferable between individuals and post offices.