look news india
If you want to get good returns on your savings, then today we are going to tell you about a great scheme, where you can double your money in a few months. There are many people in the country who lack good financial knowledge. As a result, they are not able to invest their savings in good places. Apart from this, due to the rapid increase in inflation in today's time, the value of their savings is gradually decreasing. In this connection, today we are going to tell you about the Kisan Vikas Patra (KVP) scheme of the post office. The government has started this scheme keeping small investors in mind. You can avail many great benefits by investing in this scheme. Let us know about it in detail:
Currently you are getting interest rate of 7.5 percent in Post Office Kisan Vikas Patra Scheme. You can start investing in this scheme with Rs 1,000.
As far as the maximum limit is concerned, it has not been mentioned. If you calculate according to the current interest rate of 7.5 percent, then the amount invested by you in this scheme will double in 115 months. That means your invested money will double in 9 years and 7 months. If you invest in Kisan Vikas Patra Yojana, you also get a rebate of Rs. 1.5 lakh under Section 80C of the Income Tax Act, 1961.
The process of opening an account in Post Office Kisan Vikas Patra Yojana is quite easy. You will not have to face any kind of problem. You can easily open an account under this scheme in your nearest post office.