Post office scheme to double the money Kisan Vikas Patra (KVP) and National Saving Certificates (NSC). Fix income no risk of money loss.
If you are looking for some reliable investment source then this post office scheme to double the money will help you out. It is a government scheme more reliable and trusted source without any risk.
Like normal human beings, we want to make more money. There are multiple options to increase our money like invest money in the stock market, Cryptocurrency market, real estate business, etc.
All these investment options are good but have high risk. I have seen many people ruined their hard-earned money in the stock market and crypto market. Some fraud people can mislead you in real state and other business.
So, all schemes that can double our hard-earned money are very risky. But as the inflation increasing day by day our salary and other source income can’t fulfill our requirements. We encounter many situations in life that need huge money like higher education, girl marriage, making a home, buying a plot, etc.
Now for facing the upcoming money problems we look forward to government schemes to double our money like banks, post office, etc. Today I will tell you about such kind of investment scheme. That can double your money in a fixed time period without any extra hard work and without any risk.
What Is Post Office Scheme To Double The Money?
The name of this post office scheme that double the investment amount is Kisan Vikas Patra. It is also known as KVP. Kisan Vikas Patra is an one time investment post office scheme to double the money in a fixed time period.
In this scheme, you deposit money to the post office or bank they provide higher interest rates on your investment and after the maturity period, you can withdraw double the investment amount from this scheme.
How Much Money We Can Invest in this?
You can invest a minimum of 1,000 rupees in this scheme. There is no upper limit for investment. Money should be deposit by 1000X100 factors. Government offers investment with 1000, 5000, 10,000, and 50,000 rupees certificates.
You can purchase as much as a certificate you want to double the amount. Suppose you want to invest 1,00,000 rupees then you can buy 2 certificates of 50,000 rupees. After the maturity period, you will get 2,00,000 rupees.
Post Office Double Money Scheme Interest Rate and Maturity Period
The interest rate of this scheme is 6.9% as per the current year 2021. As per this interest rate investment amount will be double in the next 124 months. The interest rate on this scheme will be calculated the same as it was at the scheme started.
Suppose you start this scheme in 2020 when the interest rate was 7.6% then for the investment time period your interest will remain 7.6% each year on the investment. It will not change with time.
But for the new customers new charge will be applicable as they entering in this scheme in new assessment year.
Benefits of Post Office Scheme To Double The Money
- No risk of money loss in the market fluctuates.
- Confirm return after the maturity period.
- The high rate of interest on your investment.
- You will get Government Security on your deposit.
- Money can be withdrawn without maturity for the immediate requirement with an annual interest rate.
- If you will be told money after 2.5 years we will get a 6.9 % interest rate on your investment.
- Single and joint accounts can be open for or Getting higher Returns and confirm security.