Post Office Saving Schemes: Post office customers will continue to get huge interest on savings schemes as before. The government has not made any change in the interest rates for the fourth and last quarter of the current financial year which started from January 1. Let us tell you that the Post Office is running many types of savings schemes for its customers, including one such scheme where your money gets directly doubled on maturity. Yes, here we will tell you about such a scheme of the post office, in which you can get fixed interest of Rs 2 lakh by depositing Rs 2 lakh.
Your money gets doubled directly in Kisan Vikas Patra
Kisan Vikas Patra (KVP) of the post office is such a savings scheme, in which your money is directly doubled. Whatever money you invest in this scheme gets doubled. Now whether you put Rs 1 lakh in it or Rs 1 crore. Under the KVP scheme, lump sum investment is made and currently a whopping 7.5 percent interest is being given in it. Accordingly, this post office scheme not only matures in 115 months i.e. 9 years and 7 months but also directly doubles your investment. Under Kisan Vikas Patra Scheme, you can open an account with just Rs 1000.
On depositing Rs 2 lakh, you will get fixed interest of Rs 2 lakh.
If you deposit Rs 2 lakh in the KVP scheme of the post office, then on maturity you will get a total of Rs 4 lakh with fixed interest of Rs 2 lakh. Let us tell you that there is no limit on maximum investment in this scheme of Post Office. In this scheme of post office, fixed returns are available with guarantee. In this scheme, along with single account, joint account can also be opened. Names of maximum 3 people can be added in the joint account.
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