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Post Office Scheme: Invest in this strong post office scheme, money will double soon!

Post Office Scheme: Today we are giving information about such a post office scheme by investing in which you can get double returns in future.

Kisan Vikas Patra: In today’s time, many investment options have come in the market, but there is still a large population of the country, who prefer to invest in bank, post office or LIC schemes. Today we are telling you about such a scheme of post office, by investing in which you can double your money soon.

The name of this scheme is Kisan Vikas Patra. On April 1, 2023, the interest rate available under this scheme was increased from 7.2 percent to 7.4 percent by the central government. After the increase in the interest rate, now the amount deposited under this scheme will double soon. We are telling you about the details of this scheme.

Know about Kisan Vikas Patra-

Kisan Vikas Patra Scheme is a lump sum deposit scheme run by the central government. In this scheme, the investor can get double the amount in a fixed period by investing the amount at one go. Under this scheme, you can open an account by going to any post office. This scheme has been specially designed for the rural population. In this, you can invest a minimum of Rs 1,000 and a maximum of any lump sum amount.

Money will double in this time

After the government’s decision to increase the interest rate of the Kisan Vikas Patra scheme in April 2023, the period for doubling the deposits under this scheme has now reduced. Where earlier it used to take 120 months to double, now under Kisan Vikas Patra the money will double in just 115 months. If you invest Rs 10 lakh in the scheme, then after 115 months you will get an amount of Rs 20 lakh on maturity. Under this scheme, the government gives the benefit of compounding interest rate.

Who can open the account?

If you open an account in any post office under Kisan Vikas Patra, you can invest a minimum of Rs.1000. And the maximum amount can be invested in multiples of Rs 100. Under this scheme, two or three people together in single or joint can open an account. Under this scheme, the account of children above 10 years of age can be opened under KVP.

How to take account death claim

If a KVP account holder dies, then in such a situation the nominee can claim the amount deposited in the account. For this, you will have to submit the account holder’s death certificate and your ID to the post office. After that fill a form and submit it. After this, you will get the claim of money soon.

Bhupendra Pratap
Bhupendra Pratap
Bhupendra Pratap has over 3 years of experience in writing finance content, entertainment news, cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @insuranceindiaain@gmail.com
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