Post Office money recovery scheme, you will get direct double money on investment, know details

Currently, Post Office's Small Savings Scheme is offering the highest interest. Due to which many people keep their money in post office. If you are also thinking of investing then know this information.

4 Month ago

In this post office scheme you get double money in less time! So in today's article we are going to tell you about Kisan Vikas Patra Scheme of Post Office.

Earlier Post Office Kisan Vikas Patra Yojana was launched for all the farmers of the country. But now in present time anyone can invest in Post Office KVP Scheme. And post office can benefit from this scheme, two types of accounts can be opened in Kisan Vikas Patra scheme, single account and joint account.

Under the Post Office KVP scheme, accounts can be opened even for minor children. At present 7.5 percent interest is given in Post Office Kisan Vikas Patra Yojana.

How much can be invested in post office?

If anyone wants to invest under Post Office Kisan Vikas Patra Yojana! So he can invest at least Rs 1000 by opening an account in this post office KVP scheme. And one can invest as much as one wants in this scheme. Money is invested for 115 months in Post Office Kisan Vikas Patra Yojana.

It means that money has to be withheld for 9 years and 7 months in this scheme. Post Office KVP Yojana is the best plan for people who want to invest their money for long term.

Post Office KVP Scheme – This way you will get double benefit

Suppose a person opens a single account or a joint account in Kisan Vikas Patra Yojana. And in this account he invests Rs 1,00,000 for 115 months.

So he is paid an interest of 7.5 percent per annum by the post office on this invested money. According to this, the invested money gets double return in 115 months. That is, as much money is invested in this scheme, so much interest is earned in the scheme. Kisan Vikas Patra Yojana is a small savings scheme run by Post Office.

By investing in this scheme you get the highest interest. So if you also want to invest your money for long term then Post Office Kisan Vikas Patra Yojana is the best plan for you. The interest rate of Post Office Small Savings Scheme varies every 3 months. But currently 7.5% interest is being given on post office KVP scheme.