POST OFFICE BUMPER OFFERS: Money will be doubled in 10 years under Post Office scheme, gets government guarantee

Post Office: There are many Saving Schemes of Post Office, in which good returns are received. There are some schemes of post office in which money can be deposited at regular intervals, while there are some schemes in which lump sum is required to be deposited. Such a scheme is called One Time Investment Scheme.

It offers better returns on deposits over a certain period of time. The best thing with post office deposit schemes is that the investment made here is completely safe. The money put in the post office scheme can never be drowned, because it gets the Sovereign Guarantee of the government. Today we are going to tell you about a post office scheme in which your money will double in just 10 years after investing. Learn in detail about this scheme.

This savings scheme of the post office is named Kisan Vikas Patra (KVP). This is the time investment scheme. In this, the money deposited in a fixed period is doubled. Kisan Vikas Patra can be purchased from any post office in the country.

The current interest rate on Kisan Vikas Patra (KVP) is 6.9 percent per annum. Compound interest is found in this scheme. This means that the amount of interest gets added to the original deposit and then the interest is received. This results in higher returns.

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Kisan Vikas Patra (KVP) can be taken for a minimum of Rs. 1000. There is no maximum investment limit. Kisan Vikas Patra can also be purchased single or jointly. Kisan Vikas Patra can also be taken in the name of a minor and mentally weak person over 10 years of age.

Nomination facility is also available on Kisan Vikas Patra (KVP). This certificate can be transferred from one person’s name to another’s name and from one post office to another. Kisan Vikas Patra can also be redeemed after two and a half years of issue

There is no limit for maximum investment in Kisan Vikas Patra, but an investment of more than 50 thousand rupees will be required. At the same time, if someone wants to invest 10 lakh rupees or more in it, then he has to submit income proof. Income tax returns, salary slips and bank statements can be given as income proof.

The maturity period of Kisan Vikas Patra (KVP) is 124 months i.e. 10 years 4 months. The amount deposited in this period doubles. In such a short time, the amount deposited in any other scheme is not doubled. The most important thing is that once you buy the Kisan Vikas Patra, it can be redeemed at any post office in the country.

The Kisan Vikas Patra (KVP) invests as a certificate. In this, certificates up to 1 thousand rupees, 5 thousand rupees, 10 thousand rupees and 50 thousand rupees are found. Investors can buy them according to their convenience and budget.