Money double scheme post office kisan vikas patra investment interest rate know how achs

New Delhi. In the midst of the Corona crisis, the habit of saving has increased among the people. People have invested a lot in Mutual Funds to Small Savings Schemes. If you also want to double your money at low risk, then the Post Office can help you in this. The post office runs several schemes for the customers with high return on minimum risk. Post Office Kisan Vikas Patra is included in such schemes. In this plan, if you leave your money for 10 years 4 months, then on one hand your money gets doubled. At the same time, TDS is also not deducted on withdrawal of amount on maturity.

What is the interest rate for September 2021 quarter
Kisan Vikas Patra (KVP Scheme) is a one time investment scheme of the Government of India. Under this, the capital invested is doubled in a fixed period. If you want to take advantage of this, then you can invest in this scheme by visiting any post office and government bank. The interest rate for the Kisan Vikas Patra scheme in the September 2021 quarter has been kept at 6.9 percent. Hence, your investment will double in 124 months. Understand in simple words, if you invest Rs 1 lakh today, you will get Rs 2 lakh on maturity.

read this also- Good news for farmers! Center hikes minimum support price of wheat by Rs 40 and mustard by Rs 400

Features of Kisan Vikas Patra Scheme
1. You have to invest at least Rs 1000 in KVP scheme. There is no maximum investment limit.
2. Certificates ranging from 1000 to 50000 rupees are given in this. In this, the investor gets a guarantee from the government.
3. Any one adult or maximum three adults can buy together in the plan.
4. If you want to buy in the name of children, then a minor of more than 10 years can also invest in it.
5. An adult on behalf of a minor and a guardian on behalf of a person of weak mind can invest money in it.
6. Carry any one identity proof like Aadhar Card, PAN Card, Voter ID Card, Driving License and Passport.