Bank Fixed Deposit has always been the favorite option of investors. Today, apart from fixed deposits, you will find investment platforms with low or no risk. Post Office Scheme is also one of these.
Today we have brought such a post office scheme, which is giving more returns than bank fixed deposits. We are not talking about Senior Citizen Scheme or Sukanya Yojana here. If you invest in this scheme for 115 months, then your money doubles.
We are talking about the Kisan Vikas Patra Yojana of the Post Office.
How much interest is available?
According to the official website of the post office, 7.5 percent interest is being given in Kisan Vikas Patra Yojana. In this, if an investor invests for 115 months or 9 years and 7 months, then his money will double. At present, less than 7.5 percent interest is being offered in many bank FDs.
The amazing thing about this scheme is that you can invest any amount in it. There is no limit on this. This post office scheme gives you double the money on maturity. You can start investing in this scheme with just Rs 1000.
Can money be withdrawn before maturity?
Investors can withdraw money by investing for 2 years and 6 months under this scheme.
Apart from this, even if the investor dies, money can be withdrawn before maturity.
Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
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