There are certain investment conditions in the scheme which can be availed only after fulfilling it. Actually it is a long term investment scheme. In such a scenario, after a lapse of 124 months after a lump sum investment, the investor is given double returns.
There are different post office schemes through which you can get better returns. Often people get a fixed and FD (FD) deposited in the bank to earn a thick and hard earned income. Investing in a post office scheme is considered safer than a bank. In addition, better returns can be obtained through them.
Although there are many schemes of the post office but today we are telling you about a scheme in which you can get guaranteed double returns after investing. The name of this scheme is ‘Kisan Vikas Patra’. It is guaranteed by the government that you will be given double the amount on maturity.
There are certain investment conditions in this scheme which can be taken advantage of only after fulfilling it. Actually it is a long term investment scheme. In such a scenario, after a lapse of 124 months after a lump sum investment, the investor is given double returns. The government has fixed its interest rate at 6.9 per cent till the second quarter of 2021 i.e. 30 September.
Any Indian citizen can invest a minimum of Rs 1000 in it. Any adult or minor can take advantage of this scheme. There is no maximum investment limit for investing in it. You can deposit amount in multiples of Rs 100 only. Investor is given Kisan Vikas Patra Certificate from the post office. Certificates of Rs 1000, Rs 5000, Rs 10,000 and up to Rs 50,000 are issued in this scheme.
There is a provision for withdrawal of deposits after two and a half years from the date of issue of the certificate. Apart from the joint account, the scheme provides for nomination. If you invest 2.5 lakh rupees in this scheme today, then after 124 months you will get 5 lakh rupees. Also Read: Important News For UPI Users: This is the way to generate UPI PIN, make it in your own steps through these easy steps
