There is no better scheme to double the investment / rupee, only maturity amount will be available in two and half years.
રોકાણ/ રૂપિયા ડબલ કરવા માટે આનાથી સારી કોઇ સ્કીમ નથી, માત્ર અઢી વર્ષમાં મળી જશે મેચ્યોરિટીની રકમ
Check out Kisan Vikas Patra Small Savings Scheme of Post Office. Your money is also protected by depositing in this scheme amount. At the same time there is a guarantee of getting the benefit at the interest rate fixed by the government.
Children, the elderly or individuals of any age can invest in the Post Office Kisan Vikas Patra scheme. Also a joint account can be opened in it. Investment in Kisan Vikas Patra starts from a minimum of Rs.1000. Any amount can be invested in this.
According to the Post Office's website, if an investor deposits money in the Kisan Vikas Patra scheme for the entire period, his money will double in 124 months. Compound interest is available on investment of Kisan Vikas Patra in Post Office. The plan now offers an interest rate of 6.9% on the investment.
Farmers can transfer the development letter to another branch. KVP can also be transferred from one person to another. There is also the option of a nominee. Kisan Vikas Patra is available at any post office in India.
Maturity (Lock-in) of Kisan Vikas Patra can be availed 30 months or two and a half years after the date of issue of KVP Certificate. Tax rebate is also available by investing in Kisan Vikas Patra. In this case, income tax exemption is available under Section 80C of the Income Tax Act.
A bank account is opened to invest in Kisan Vikas Patra Yojana. This requires Aadhar Card, Proof of Residence, KVP Application Form, Age Proof, Passport Size Photo and Mobile Number (Aadhar Card, Proof of Residence, KVP Application Form, Proof of Age, Passport Size Photo and Mobile Number).
The Post Office distributes Kisan Vikas Patras on behalf of the Government. Cash, check, payment order or demand draft (cash, check, pay order or demand draft KVP) are all acceptable ways to pay for a certificate.
