The government has made changes in many post office schemes. Money doubling schemes are also included in this list. The interest rates of Kisan Vikas Patra Yojana have been increased.
Post Office Scheme : Recently, major changes have been made in many post office schemes by the government. Some post office schemes are such that investors get double the return of the deposited amount. One such special scheme is “Kisan Vikas Patra Yojana”. KVS account can be opened with only Rs.1000. If you also want to earn double profit, then you can open an account for this.
In this post office scheme, once the account is opened, one has to invest in multiples of Rs 100. There is no maximum limit to invest in it. This means that the investor can deposit the amount as per his wish. If money is deposited with the right strategy, the scheme can also make a person a millionaire.
The government has announced the interest rates for the quarter April to June 2023 in the Kisan Vikas Patra. Interest rate has been increased by 30 basis points. The new rates have reached 7.5 per cent. Interest rates are calculated on the basis of compounding. Accordingly, the amount which doubles in 120 months will double in 115 months. Apart from this, the maturity of the scheme has been reduced from 120 months to 115 months.
Explain that now to take advantage of the post office scheme, the identity card will also have to be attached with the application form. It is very easy to open and close an account for the scheme. Along with this, the facility of tax exemption is also available.
