Today we are going to tell you about such a scheme, in which the money invested will double in 120 months i.e. 10 years.
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If you are thinking of investing in the coming days, but you are worried about whether your invested money will be safe or not. So, you can invest in the Post Office Small Savings Scheme. The money invested in post office schemes remains completely safe. There is no worry about the sinking of this money. Along with this, the returns are also good in this. Today we are going to tell you about such a scheme, in which the money invested will double in 120 months i.e. 10 years.
Rate of interest
At present, interest will be available at the rate of 7.2 percent on an annual basis in the Kisan Vikas Patra of the post office. The money invested in this scheme doubles in 120 months i.e. 10 years.
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investment amount
In Kisan Vikas Patra, a person can invest at least Rs 1000 and in multiples of Rs 100. There is no maximum investment limit in this scheme. In this scheme, a person can open any number of accounts.
Who can open the account?
An adult can open an account in the Kisan Vikas Patra scheme of the post office. Apart from this, joint accounts can also be opened together in the scheme till adults. In this small savings scheme, a guardian can also open an account on behalf of a minor or a person of weak mind. In this scheme, a minor above 10 years of age can also open an account in his own name.
Maturity
The amount deposited in this post office scheme will mature from the date of deposit on the period of maturity as prescribed from time to time by the appropriate Ministry of Finance.
account closure before maturity
Kisan Vikas Patra can be closed at any time before maturity under certain circumstances. In this scheme, the account can be closed after the death of the single account holder or all the account holders present in the joint account. Apart from this, the account can also be closed on the orders of the court. In this scheme, the account can be closed even after two years and six months from the date of deposit.
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