Post Office Scheme: In this era of corona virus, the economy of the whole world is running wildly. Investors are hesitating to invest. If you want safe investment in such times. In which there is no risk of any kind, then your post office scheme can prove to be better. It is better for small investors to invest in the post office scheme. There are some post office schemes in which the amount is doubled. One such post office scheme is the Kisan Vikas Patra Scheme also known as KVP. There is no risk of any kind in this scheme.
Scheme Details
This scheme of post office is named Kisan Vikas Patra (Kisan vikas Patra – KVP) scheme. It is a one-time (one-time) investment (investment) scheme issued by the Government of India. Which is present in all post offices and big banks of the country. In the Kisan Vikas Patra (KVP), investors get twice the amount invested after the maturity period. It costs at least 1000 rupees. There is no maximum investment limit. This plan has been specially made for the farmers, so that they can save their money on long term basis. According to the official website of the post office, the maturity period of this scheme is 124 months i.e. 10 years 4 months.
Interest Rates
On investing in Kisan Vikas Patra, the amount will double in 124 months. The interest rate has been fixed at 6.9 per cent till the second quarter i.e. 30 September. If you invest Rs 1 lakh, then after the maturity period, this amount will increase to Rs 2 lakh. Explain that the money gets doubled based on the interest received on the amount deposited in it.
Loan Facility on KVP
If you want to take a loan, you will get a loan with very easy terms. Also, interest seems to be less in this. So if you are in financial difficulty and have invested in this scheme. Your financial troubles can be overcome through loans.
