Utility News Desk !!! It is very important to save, because this is the thing that will be the most useful of you in times of trouble. That is why everyone is asked to invest in something, most people invest some part of their earnings continuously. Due to which they get manifold money after many years. Today we are telling you about a scheme in which your money doubles.
Actually, this is not a chit fund scheme, but a government -backed scheme, which many people are taking advantage of. This scheme was launched on post office accounts. The name of this scheme is Kisan Vikas Patra (KVP). The scheme is a certain rate of small savings scheme, which is designed to encourage long -term investment and savings among people.
If you are afraid to invest in another savings scheme or are afraid of taking risks then this scheme is best for you. In this scheme you get guaranteed returns and there is no risk in it. Now you can buy Kisan Vikas Patra from post office as well as public sector banks. In this, you can invest at least one thousand rupees.
When you take a farmer development letter, your period is determined according to the interest rate prevalent at that time. This shows how long it takes to double the value of your money. At present, the interest rate is 7.5 percent, so you have to invest for 9 years and seven months. That is, after this time you will get your money doubled.
Its interest rate is revised every quarter, however, if you have taken the first development letter, it will not have any effect on your tenure. If you need money first, you can withdraw quickly after two years and 6 months. However, you get less benefit in this.
