Investment in Kisan Vikas Patra Yojana doubles money in this time, know the process

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Post Office Scheme: Kisan Vikas Patra or Kisan Vikas Yojana is popular among investors who want to invest in a small savings scheme. Those who don't want to take any risk. Recently the interest rate of small savings schemes was revised. Kisan Vikas Patra has an interest rate of 6.9 percent, while this post office scheme was launched in 2020. Its new maturity period is 124 months. Since KVP (Kisan Vikas Patra) is a central government supported scheme, after investing in this post office scheme, the investor gets an assurance from the government that his money is safe with guaranteed returns.

A guaranteed return

The interest rate in Post Office Kisan Vikas Patra is fixed at the annual interest rate available during the investment period. For example, if a person opens a Post Office Kisan Vikas Patra account in the January to March 2023 quarter, he will earn 7.6 percent interest per annum for his investment period. Post Office Kisan Vikas Patra Account becomes safe and secure. However, the annual interest on Post Office Kisan Vikas Patra has been reduced from 7.6 percent to 6.9 percent. Under the new Kisan Vikas Patra, investors still have a chance to double their money.

How to make an investment?

If you want to invest under the scheme, you have to open an account at your nearest post office. You can invest in this scheme even with a small amount. From rural people to urban people are investing in this scheme. If you are also thinking of investing in any new scheme related to post office, you can think about it once.

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