By the way, there are many small savings schemes in the post office, which give great return on investment. One such scheme is Kisan Vikas Patra (Kisan Vikas Patra). Your investment amount in this scheme will double after maturity. The important thing is that you can start investing with just Rs 1000. Let us know the complete details of the scheme.
Scheme details: Under the Kisan Vikas Patra scheme of the post office, the option of opening both single or joint accounts is available. By investing in this scheme, your money will double in 124 months (10 years and 4 months). At present, this scheme of post office is getting interest at the rate of 6.9 per cent per annum. Let us tell you that the interest rates of the Small Savings Scheme are decided on a quarterly basis. There has been no change in the interest rates for the last one year. This is the reason that the interest rate of Kisan Vikas Patra Scheme is also stable at 6.9 per cent per annum from the year 2020.
This facility is also available: If you want to close the Kisan Vikas Patra account prematurely, then this facility is also available. However, there are some necessary conditions for this as well. For example, on the death of the account holder or by court order or after 2 years and 6 months from the date of deposit, the account can be closed. In Kisan Vikas Patra, there is also an option to transfer account from one person to another with conditions. The important thing is that the maximum investment amount in this scheme has not been fixed. This means that the amount you invest as per your wish will double after 10 years and 4 months.
