Post Office Scheme: Many schemes are being implemented by the Government of India to invest the citizens of the country through the Post Office. So the citizens are benefiting a lot. Citizens are getting bumper returns by investing in Posta schemes.
Kisan Vikas Patra (KVP) Scheme for Farmers has been launched by Govt through Post Office. In this one can get good profit by investing for small savings. The interest rate of this Yojana has also been increased by the government.
Kisan Vikas Patra Yojana is being run by the central government for the farmers. From this year, the interest rate of this Yojana has been increased from 7.2 percent to 7.5 percent per annum. So the money invested in this scheme can be doubled soon.
What is Kisan Vikas Patra (KVP)?
Kisan Patra Yojana has been launched for the farmers of the country. This scheme is designed to be a lump sum investment. If you also want to invest in this scheme, you can go to a bank or post office and open an account and invest.
Kisan Patra Yojana is made for farmers and farmers can invest a lump sum in this scheme. Also you can invest money in this scheme from a minimum investment of 1000 rupees.
How long will the money double?
By investing in Kisan Patra Yojana you can earn returns at the rate of 7.5% per annum. In this scheme, it took 120 months for the money to double. But now in 115 months i.e. in just 9 years and 7 months the profit is double.
If you invest a lump sum of Rs 4 lakh in Kisan Patra Yojana, you will get Rs 8 lakh in 115 months. Also, this scheme also provides the benefit of compound interest. It is a big benefit.
Interest is being paid at the rate of 7.5 percent on the investment in this scheme. This is a great scheme for farmers to invest. Farmers are benefiting as they are getting double profit in few months.
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