How to turn ₹10,00,000 into ₹20,00,000? This amazing Post Office scheme offers powerful returns; see details here.
Post Office Schemes: Making money from money is a skill, and doubling it with government security is true wisdom. If you want guaranteed returns on your investment while avoiding the risks of the stock market, the Post Office's KVP scheme is the safest and most reliable option for you.
Post Office Schemes: Earning money is an art, but investing it wisely is intelligence. If you are apprehensive about the fluctuations of the stock market and want your money to be safe and grow, then the Post Office's 'Kisan Vikas Patra' (KVP) scheme is a boon for you. This is one of those select schemes where the government itself takes responsibility for your profits.
A large fund can be created with a small investment
The biggest strength of this scheme is its accessibility. Any citizen of the country can start their savings journey with just ₹1000. There is no maximum limit, so it provides equal opportunities for both small and large investors. Anyone above 18 years of age can open an account and avail themselves of the benefits of government security.
Interest Rate and Flexibility
Currently, the government is offering an annual return of 7.5% on this savings certificate. Although it is a long-term scheme, 'liquidity' has also been taken into account. If you need money in between, you can withdraw your money after 30 months. This provides relief to those who are afraid of locking up their money for a long time.
When will the money double?
Now the most important question is, how long will it take for the money to double? According to today's interest rates, your investment in this scheme doubles in 115 months, i.e., 9 years and 7 months. Let's understand this with an example...
If you invest ₹10 lakh today, you don't need to do any kind of market research. Exactly 115 months later, the post office will hand you a check for ₹20 lakh. This scheme is best for those who want to create a fixed fund for their children's education or retirement.
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