Post office investment scheme: In this scheme of post office, the amount deposited for the fixed time will be doubled. If you have invested 5 lakh rupees in Kisan Vikas Patra, then you will get 10 lakh rupees.
Post office investment scheme: Investment in Kisan Vikas Patra of Post Office is done once. This is a scheme of the Government of India. In this scheme, your deposit amount becomes two times within the stipulated time limit. Kisan Vikas Patra is available in almost all post offices. Its maturity time is 124 months. One can invest in this with a minimum of Rs 1,000. There is no maximum limit to invest in it. This scheme is especially for the farmers. So that farmers can save their money for a long time.Also Read – LIC Aadhar Shila Scheme: Make Rs 4 lakh by saving Rs 29 everyday, know where you are getting so much benefit from investment?
How much interest will be received in FY 2021? Also Read – India Post: Now book plane and bus tickets from the post office, know – what other facilities will be available?
For Kisan Vikas Patra, interest rates have been fixed at the rate of 6.9 percent in the first quarter of FY 2021. Here your money will double in 124 months. If you invest Rs 5 lakh, you will get Rs 10 lakh at the time of maturity. Also Read – Sukanya Samridhi Yojana: Save Rs 100 everyday, get 15 lakhs on maturity, know- what is the method?
You can invest with at least Rs 1,000
You can start investing in this scheme with a minimum of Rs 1,000. On the other hand, there is no investment limit. You get this as a certificate. In which certificates of 1,000, 2,000, 5,000, 10,000 and 50,000 are given. In this, you are given a guarantee from the government.
Who can open account?
Kisan Vikas Patra can be purchased in any name. For this you have to go to the post office. It could be from a name. Also a joint account can be opened or the name of a minor above 10 years can also be included. Apart from this, it can also be bought in the name of a minor. Also, for a weak minded person, someone else can buy it.
How to open account?
For Kisan Vikas Patra Scheme, you have to visit any post office branch. You should have your own proof, for which it can be Aadhar Card, PAN Card, Voter ID Card, Driving License or Passport. At the same time, a guardian can open an account for his/her young child.