look news india
Kisan Vikas Patra Scheme, Post Office Scheme: Usually people look for schemes that give better returns and less risk. Today we are going to discuss one such investment scheme which has absolutely zero risk and the returns are very good.
This scheme is linked to the post office. This post office scheme gives guaranteed returns. Currently, 7.5 percent interest is being given on the Kisan Vikas Patra (KVP) scheme. This scheme run by the Government of India gives you very good returns.
How long does it take to earn money
The minimum investment under the Kisan Vikas Patra Scheme (KVP) of Double Post Office can be Rs 1000. However, you can invest as much money as you want in it. It gives a return of 7.5 percent per annum.
Last year, in April 2023, the interest rate was increased from 7.2 percent to 7.5 percent. Earlier, it used to take 120 months to double the money in this scheme, which has now been reduced to 115 months i.e. 9 years and 7 months.
10 lakh rupees will become 10 lakh rupees in 5 years
If you invest Rs 5 lakh in this scheme, you will get a return of 7.5 percent per annum. According to the calculation, you will have to wait for 115 months for the money to double. That means your money will double in 9 years and 7 months.