New Delhi. The habit of saving has grown in the Corona crisis. People have invested heavily in small savings projects from mutual funds. If you also want to double your money at low risk, the post office can help you with this. The post office operates several schemes for customers with high returns at minimal risk. Post Office Kisan Bikash Patra is one such scheme. In this plan, if you leave your money for 10 years 4 months, on the one hand your money will be doubled. At the same time, TDS is not deducted for withdrawals at maturity.
What is the interest rate for the quarter of September 2021?
Kisan Bikash Patra (KVP Scheme) is a one-time investment project of the Government of India. Under this, the invested capital is doubled in a given period. If you want to take advantage of this, you can go to any post office and government bank and invest in this scheme. In September 2021, the interest rate on Kisan Bikash Patra scheme has been kept at 6.9 percent. So, your investment will double in 124 months. Simply put, if you invest Rs 1 lakh today, you will get Rs 2 lakh at maturity.
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Features of Kisan Bikash Patra Scheme
1. You need to invest at least Rs.1000 in KVP scheme. There is no limit to the maximum investment.
2. It gives a certificate from 1000 to 50000 rupees. The investor gets a guarantee from the government.
Any. Any one adult or a maximum of three adults can buy together in the plan
4. If you want to buy in the name of children, minors over the age of 10 can also invest in it.
5. An adult on behalf of a minor and a guardian on behalf of a mentally retarded person can invest money in it.
Any. Carry any one proof of identity like Aadhaar Card, PAN Card, Voter ID Card, Driving License and Passport.
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