look news india
Many government schemes are offered by the post office, which give good profits to the people after a time. The risk in post office schemes is negligible as compared to the stock market or other places. If you also want to earn more money without taking any risk, then today we are going to tell you about such a scheme, which will double the invested money.
This popular scheme of the post office is Kisan Vikas Patra (KVP). This scheme was specifically started to provide higher profits. By investing in this scheme, the money doubles in a few months (Double Income Scheme). In this scheme you can invest a minimum of Rs 1000 in multiples of 100. The special thing is that there is no maximum limit in this. You can invest as much money as you want.
How many accounts can you open?
Under Kisan Vikas Patra Scheme, both single and double accounts can be opened. The account can also be opened in the name of a child above 10 years of age. Also, a person can open any number of accounts. There is no limit to this either. Under Kisan Vikas Patra Yojana, you can open as many accounts as you want – 2, 4, 6.
7.5 percent interest
Under this scheme of the post office, interest is decided on quarterly basis. At present, 7.5 percent interest is being given under this scheme of the post office. This interest is released on an annual basis.
Get Rs 10 lakh by investing Rs 5 lakh
If someone invests Rs 5 lakh under this scheme and remains in the scheme till maturity i.e. 115 months, then he will get Rs 5 lakh as interest at the rate of 7.5 percent interest. This means that investors will get Rs 10 lakh on maturity. The thing to note is that this also includes tax.