India Post Office New Scheme: Post Office Launched its New Scheme, Money Will Double in a Month
India Post Office New Scheme :- Many types of schemes have been brought by the post office. Saving in the post office is also considered more reliable by the general public. Post Office implements many types of small saving schemes. Many of these schemes are also liked by the people. Today we are going to tell you about one such India Post Office New Scheme. Whose name is Kisan Vikas Patra Scheme.
Government gives more than 7 percent interest on the amount invested
If you too are thinking of investing these days. So Kisan Vikas Patra can be a good option for you. These post office schemes have become more beneficial than before. Because the amount invested is not doubled in 120 months but in 115 months only. More than seven percent interest is offered by the government on the amount invested in this India Post Office New Scheme.
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India Post Office New Scheme
In January 2023, the government reduced the maturity period of Kisan Vikas Patra from 123 months to 120 months. Now it has been further reduced to 115 months. As per the information available on the post office website, the interest on the amount invested in the scheme is calculated on compounding basis. In this scheme, the account of a minor below the age of 10 years can also be opened. However, any adult can open the account on their behalf. And as soon as the minor attains the age of 10 years. The account is transferred in his name.
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It is very easy to open an account under the scheme.
It is very easy to open that account of this scheme. For this, the application has to be filled in the post office along with the deposit receipt and then the investment amount has to be deposited in cash, check or demand draft. You also have to provide your identity card along with the application. The government reviews its interest rate every three months. And make changes in it as per the need. You can invest in this scheme from the initial 1000 rupees. After this, you can invest in multiples of 100 rupees. There is no limit on the maximum investment in this scheme. You can also open Joint Account in this India Post Office New Scheme.
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