If you also want to get great benefits by investing your savings in a great place, then this news can prove to be very useful for you. The most special thing about this scheme is that by investing in it, you can double your amount! The name of this scheme of the post office is Kisan Vikas Patra, which can prove to be very beneficial for investment. This scheme is run by the Government of India, so it is completely safe and secure. Not only this, but the ups and downs of the market also do not affect this scheme. So, if you want to increase your hard-earned money safely, then this scheme is for you.
Give flight to savings, get double the money
The main goal of the Kisan Vikas Patra scheme is to encourage the citizens of the country to save and invest it in the right place. In this great scheme, you have to deposit the fixed amount at once, which will double after a fixed time. Currently, this scheme is offering a compound interest rate of 7.5 per cent per annum and your deposited amount doubles in 115 months i.e. 9 years 7 months. It is a powerful savings tool that helps you secure and prosper in your financial future.
No investment limit
What makes this scheme even more special is that you can start investing with a minimum amount of just ₹1000, and there is no maximum investment limit! You can invest as much money as you want in this scheme in multiples of ₹100. You can open this account in a single or joint name, and even a child above 10 years can avail the benefits of this scheme. This feature makes this scheme accessible and attractive to investors of all classes.
Your investment will double, guaranteed
For example, if a person invests ₹5 lakh in the Kisan Vikas Patra scheme, the amount will double to ₹10 lakh in 115 months. The compound interest earned during this period makes your returns even more attractive. Although the interest earned from this scheme is taxable and there is no exemption under Section 80C of the Income Tax Act, its safety and fixed returns make it a popular choice among investors in both rural and urban areas.
Kisan Vikas Patra is your most trusted companion
The Kisan Vikas Patra scheme of the post office is perfect for investors who want to stay away from risk and are looking for a stable and safe investment option for the long term. This scheme not only keeps your capital safe but also provides you with financial stability by increasing it over time. If you want to grow your savings without any worries and get double returns in a fixed period, then Kisan Vikas Patra Yojana can prove to be the most trusted companion for you.