Post Office Scheme Update: Many excellent schemes are run across the country, from which people also get good returns. We are going to tell you about a scheme which will double your money. You must have heard about the small savings scheme of the post office, which has no match. The name of this scheme is none other than Kisan Vikas Patra Yojana.

The money invested in this will double in 115 months. The most special thing about the scheme is that you can open an account with Rs 1000, where there will be no problem. This scheme is the most popular anyway. There is no risk after investing here. You get a good fund, which makes the dream of becoming rich come true. Know in detail below how much interest will be received on investment in the scheme.

Important things related to Kisan Vikas Patra Yojana

Kisan Vikas Patra Yojana is enough to make people rich. You get up to 7.5 per cent interest on investing in the scheme. The most special thing about the scheme is that you can also open a single or joint account. Talking about the maturity period of the Damdaar scheme, it is fixed at 115 months. The calculation of interest on the amount invested in the scheme is based on compounding.

If you invest Rs 1 lakh, you will get an interest amount of Rs 7500 annually at the rate of 7.50 per cent interest. This amount will be included in the principal amount for the next year. In the second year, you will get an interest of Rs 8,062 on Rs 1,07,500 at the rate of 7.50 per cent.

This amount will be added to the principal amount for the third year and will become Rs 1,15,562. Similarly, the amount will keep increasing in the coming years. If for some reason an investor invests Rs 5 lakh, then according to this amount, he will keep getting profit year after year. On maturity, investors will easily get Rs 10 lakh.

Join the Kisan Vikas Patra Yojana

For information, let us tell you that by joining the Kisan Vikas Patra Yojana of the post office, you can fulfil your dream of earning a huge income. By the way, there is a significant increase in the number of people joining it.