Post Office Scheme: The last time Sensex made a record high in the stock market was on September 27, on this day Sensex reached record high of 85,922 points. The last record high of Nifty was 26,166 points on September 27.
Since this record high, there is a continuous decline in Sensex and Nifty. According to TOI report, investors have lost Rs 48.5 lakh crore in this fall. In such a situation, if you want to invest in a safe place instead of investing money in the share market, then we have brought a post office scheme for you.
Post Office KVP Scheme
Recurring Deposit (RD) and Kisan Vikas Patra (KVP) schemes are run in the post office. In this, money is deposited every month in the recurring deposit scheme and a lump sum amount is deposited in the Kisan Vikas Patra. We have brought for you information about Kisan Vikas Patra Scheme, in which double amount of the amount deposited is available on maturity.
How many months does it take for money to double?
In KVP scheme a lump sum amount has to be deposited. In which you can deposit a minimum of Rs 1000 and a maximum of Rs 50,000. This scheme has a lock period of 2.5 years and this scheme is completed in 115 months i.e. 9 years and 7 months.
Returns of 7.5 percent are available
Post Office’s Kisan Vikas Patra Scheme gives a return of 7.5 percent. In which the amount deposited in 115 months becomes equal to dust double. If you are afraid of investing money due to the fall in the stock market, then you should definitely invest in this scheme. This scheme was started in 1988. To invest in Kisan Vikas Patra, one must be at least 18 years of age. KVP can be transferred from one post office to another or from one person to another.
