Post Office New Scheme: The country has numerous schemes that the government announces every day. These are mainly meant for the general population so that they can enjoy the benefits of all the government programs and improve their financial status eventually. To keep you updated, recently, the post office has announced a scheme that allows people to invest money and double it over a short period. If you too are thinking about this investing option, read the article from head to toe.
As you all know that in today’s times, people like to invest their money in a place where they will be most secure and at the same time getting good returns on it. At such a time, the most trusted word would be the post office. That is why most of the time, the post office will apply new schemes to encourage the public to accept it. Recently the post office introduced a scheme that promises to double your money in less time, if you invest in it. Let us go into it in detail.
Post Office New Scheme
If you want a safe, yet a little faster investment avenue, then let us inform you that there’s a recent launch of a post office scheme: Kisan Vikas Patra Yojana. With an initial investment, you can double your money at a faster rate as per this post office scheme. For that matter, this scheme can be considered one of the best options in favor of investing money at this point of time.
If you want to invest under this scheme, let us tell you that you must have either a single account or a joint account to open this scheme. You can invest a minimum of Rs. 1000 into it. To avail of the benefits of this scheme, you can visit your nearest post office to open an account.
In how much time will the money double?
For your information, if you invest 5 lacs in Kisan Vikas Patra, You will receive an amount of 10 lakh rupees in just 115 months, or in other words, it means getting this amount after nine years with an interest rate of 7.5 because It will double in this time span.
Also Read: Pension New Rule: There Will Be Big Change In Pension Rules From January 2025, See Details
Also Read: RBI New Update On 500 Rupee Note, See Details
