Who does not want to invest in post office plans? In a few post office schemes, investors get more interests than the fixed deposits of many banks. This is one of the huge reasons why people prefer post office plans or schemes more than banks’ fixed deposits.
As an example, Senior Citizen Savings Scheme, Post Office Public Provident Fund, Sukanya Samriddhi Yojana are of one most profidable schemes that get people more than 7% returns.
New Post Office plan – Affordable investment plans with high interest rates!
Kisan Vikas Patra
Kisan Vikas Patra is a new post office plan. It is one of the most profidable schemes by post office. It can get people 6.9% interest annually. Kisan Vikas Patra is a government-backed guaranteed return scheme. It doubles investor’s investment after a specific period of time.
It can double investments in 124 months. In this investment plan, one can deposit minimum Rs1000 and in multiples of Rs 100. If one deposits a few amount of money today (minimum Rs1000/-), it will be matured exactly after 124 months (10 years and 4 months). If the account holder’s death happens, the Kisan Vikas Patra account for the nominee / legal heir can be transferred to the knotted holder.
There are also a large number of small savings schemes that Post office offers apart from Kisan Vikas Patra. Senior Citizen Savings Scheme, Post Office Public Provident Fund, Sukanya Samriddhi Yojana offer a huge amount of interest rates. Keep visiting our website to stay updated.
Written by Rajeshwari.