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Kisan Vikas Patra: Your money will be doubled in this government scheme, 5 lakhs will become 10 lakhs

Kisan Vikas Patra: If you also want to earn double profit by investing money in a government scheme, then this is the news of your work. Investors are benefiting immensely from the scheme to double the money of the Modi government. The name of this scheme is Kisan Vikas Patra. You can open it by going to the post office. Your money is completely guaranteed in this scheme. In this scheme, your money doubles in 10 years and 4 months (124 months), so if you are also looking for a scheme to double your money, then this can be the best option for you. Let us tell you how your 5 lakhs will become 10 lakhs.

How much interest do you get?
In the Kisan Vikas Patra scheme, investors get the benefit of interest at the rate of 6.9 percent. In this, investors get the benefit of compound interest annually. In this, investors have to invest in the form of certificates.

What is the minimum amount to be invested
If you talk about minimum investment, then you can start with 1000 rupees in this scheme. At the same time, there is no limit on the maximum investment. You can buy it in multiples of Rs 100. In this you can buy certificates up to 1000, 2000, 5000, 10000 and 50000 rupees. You can buy this certificate from the post office.

Who can invest?

  • Talking about investing in this scheme, any adult can buy this certificate.
  • Apart from this, a maximum of three adults can invest in a joint account.
  • A minor above the age of 10 years can buy this certificate.
  • Apart from this, it can be purchased by an adult on behalf of a minor and a guardian on behalf of a weak minded person.

You can get this certificate by going to the post office
To open this account, you have to go to the post office. Here you need your identity card like Aadhar card, PAN card, Voter ID card, Driving license and Passport. You can open the account single or jointly according to your need.

How will 5 lakhs become 10 lakhs?
If you invest Rs 5 lakh in this scheme as on date, then you will get the benefit of compound interest at the rate of 6.9 per cent per annum, after which your deposit will double in 124 months.

When can you withdraw money
Let us tell you that if you need a lot of money, then you can withdraw it even before maturity, but you will have to wait for a minimum of two and a half years, that is, you cannot withdraw money from this scheme before two and a half years.

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