Post office savings schemes: The mainstream banks of the country provide many tremendous facilities to their customers along with savings account. These include many types of savings schemes, in which you can earn a hefty by investing. However, the post office is also not behind banks in wooing its customers. Not only this, there are many schemes of the post office where more interest is being received than banks. Here we are going to tell you about such a scheme of post office, where you will get amazing returns.
7.5 percent interest is being received on government scheme
This scheme of the post office is named Kisan Vikas Patra (KVP). This scheme is currently getting 7.5 percent interest. Lump sum invested in the Kisan Vikas Patra Scheme. In this, you can invest at least 1000 rupees. Whereas there is no limit of maximum investment, that is, you can invest as much money as you wish in it. The most important thing about this scheme is that your money becomes directly double on maturity, no matter how much money you have invested.
Money will be directly double on maturity
Under the Kisan Vikas Patra Scheme, your money gets doubled in 115 months i.e. 9 years and 7 months. If you have deposited Rs 5 lakh in this scheme, then you will get an interest of Rs 5 lakh and you will get a total of Rs 10 lakh on maturity. Similarly, if you have deposited Rs 10 lakh in this scheme, then you will get an interest of Rs 10 lakh directly and you will get a total of Rs 20 lakh on maturity.
Investors’ money will be completely safe
The Kisan Vikas Patra scheme of the post office is a completely safe scheme. The money deposited in it is absolutely safe and you get fixed interest with a guarantee. This is the post office scheme and the post office works under the Central Government and serves. Therefore, all your money to be invested in this scheme is completely safe.
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