In this scheme of Post Office, the money will be double with the guarantee, there is no fear of drowning
Post Office Kisan Vikas Patra Scheme: Today, everyone wants to double their investment. Someone wants their money to double. But, it is necessary to invest in the right scheme and right place. If you also want to double your money with a guarantee, then you can invest in the Kisan Vikas Patra (Kisan Vikas Patra- KVP) scheme of the Post Office. Investing in Kisan Vikas Patra Yojana guarantees better returns.
Interest is available at the rate of 6.9 percent
Your investment in Kisan Vikas Patra Yojana will double in 124 months. Its interest rate has been fixed at 6.9 per cent till the second quarter of 2021 i.e. 30 September. If you invest a lump sum amount of Rs 1 lakh in this scheme, you will get Rs 2 lakh in return on maturity.
Get many facilities
You get many facilities in Kisan Vikas Patra Yojana. You can roast it after two and a half years. Apart from this, the scheme can also be transferred to other post offices. Nomination facility is also available in Kisan Vikas Patra Yojana.
Who can invest?
After 18 years, one can invest in Indian Kisan Vikas Patra Yojana. The special thing is that in this scheme you also get the facility of single account and joint account. However, minors can also apply in this scheme, but they will have to be looked after by the guardian.