This is a safe scheme to double your money, these are the details
The post office offers different schemes to the customers. If you are looking for investment options to get the best return without risk, then you can invest in Post Office Kisan Vikas Patra Scheme. There is no need to worry about losing your hard-earned money as this is a government-run scheme. The biggest feature of this scheme is that you get a double return instead of the money invested in it.
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| This is a safe scheme to double your money, these are the details |
This means that you will be guaranteed double the amount of money you deposit in return. This is really a long term investment plan. This deposit scheme may prove to be the best for those customers who want to invest in the long run.
With the interest rate set at 6.9 percent, the scheme is guaranteed to double in 124 months at present. The government has set an interest rate of 6.9 percent for the second quarter of 2021, i.e. till September 30. How long the money doubles depends on the interest rate.
If the investor is an Indian citizen, the minimum eligibility for this policy is to be 18 years of age to invest in this policy. So the investor is an Indian citizen. Apart from a single account, a joint account facility is also available.
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In this scheme certificates up to Rs.1000, Rs.5000, Rs.10,000 and Rs.50,000 are declared. So there is no maximum investment limit.
Note: All Information Veryfiy By Your Near post office
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