Post Office Scheme – Amazing scheme of Post Office… Money will double in just 115 months, this is the full calculation – Post Office Best Scheme invest in Kisan Vikas Patra money will double in just 115 months tutc
Everyone saves some of their earnings and wants to invest it in a place where they not only get strong returns but also keep the money safe. One such Post Office Scheme is Kisan Vikas Patra or KVP Scheme, the special thing in which is that it doubles the investors’ money in just 115 months. Let us know about this special scheme in detail…
money doubling scheme
If you also want to earn more money without taking any risk, then this popular scheme of post office Kisan Vikas Patra (KVP) can prove to be great. This scheme was started especially to give more profits. By investing in this government scheme, the money doubles in 115 months (Double Income 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 be opened in the scheme
Under Kisan Vikas Patra Scheme, both single and double accounts can be opened. An account can be opened in this Govt Scheme even in the name of a child above 10 years of age. With this, a person can open any number of accounts. There is no limit to this either. 2, 4, 6 You can open as many accounts as you want under Kisan Vikas Patra Yojana.
7.5 percent interest
Under this scheme of Post Office, interest is decided on quarterly basis. Under this scheme of the post office, currently 7.5 percent interest is being given. This interest is released on 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 only from interest on the basis of 7.5 percent interest. This means that investors will get Rs 10 lakh on maturity. It is worth noting that this includes tax.
The government had reduced the maturity period of Kisan Vikas Patra from earlier 123 months to 120 months. Now it has been further reduced to 115 months. According to the information available on the post office website, interest on the amount invested in Kisan Vikas Patra is calculated on compounding basis. In this scheme, interest on the investment amount is calculated on compounding basis.
