Post office Scheme: If you too have been thinking of increasing your income in this era of inflation, then the Postal Department has come up with a plan to double the money of the general public without any risk. By investing in Kisan Vikas Patra (KVP), your money will double in just 9 years and 7 months.
Post office Scheme: We all have many excuses for not saving. Like a lot of money is needed to start. You postpone it for some other day. Apart from this, there are many people who are worried about where to make a good investment. The way inflation is increasing in the present times. People are also showing interest in investing. The Postal Department has come up with a scheme for all such people. In which you can earn good profits by investing.
Money doubles in 9 months
If you too have been thinking of increasing your income in this era of inflation, then the Postal Department has come up with a plan to double the money of the general public without any risk. By investing in Kisan Vikas Patra (KVP), your money will double in just 9 years and 7 months. According to the Postal Department, Kisan Vikas Patra is getting annual interest at the rate of 7.5 percent every year. Anyone can invest in it at once. It is not necessary that he be a farmer. If needed, you can withdraw money even after two and a half years. Good interest is also available on National Savings Certificate Scheme.
You will get better interest than FD
This scheme of the Postal Department will give you more interest benefits than FD. If you invest in this scheme for 5 years, you will get 7.5 percent interest. In term deposit, interest is available at 6.9 percent on investment of 1 year, 7 percent on investment of 2 years and 7.1 percent on investment of 3 years.
