Kisan Vikas Patra: In this government scheme, 7.5 percent interest will be given for the quarter from October to December. In this, investors also get the benefit of compounding, hence this scheme is also said to be better for those making small savings. You can invest as much amount as you want in this scheme.
According to the needs of the people, the post office launches many schemes for every category of people. One such savings scheme is Kisan Vikas Patra. In which the money of the investors will double in just 115 months. This option can prove to be better for those who want to invest in a risk free scheme.
Customers’ money doubled
Any investor who invests in this scheme named Kisan Vikas Patra will get good interest as well as doubling of money in the long term.
How much interest do you get?
In this government scheme, 7.5 percent interest will be given for the quarter from October to December. In this, investors also get the benefit of compounding, hence this scheme is also said to be better for those making small savings. You can invest as much amount as you want in this scheme.
How much will it start with?
Any person can start investing in Post Office Kisan Vikas Patra Scheme with just Rs 1000. In which there is no fixed limit for maximum investment.
10 lakhs will get 20 lakhs
If any investor wants his money to double then after investing in Kisan Vikas Patra you will get strong returns. If you invest ten lakh rupees in it, you would get a return of twenty lakh rupees in 115 months i.e. 9 years and 7 months. People have got huge returns by investing in it even with small amounts.
