Small Saving Schemes: The Central Government has increased the interest rates of some small savings schemes for the quarter from January to March.
Post Office Scheme: If you invest then you can invest in this post office scheme. The Central Government has increased the interest rates of some Small Saving Schemes for the quarter from January to March. It also includes such a scheme of the Post Office, which is very popular among the people. The name of this post office scheme is Kisan Vikas Patra . The government has increased the rate of interest on investment in Kisan Vikas Patra. If you are planning to invest in the new year, then you can invest in this post office scheme.
Generally investing in post office is considered safe. Because of this, a large number of people prefer to invest in post office schemes. Kisan Vikas Patra is also very popular for doubling the money. People also invest in it to double the amount. The government has increased the interest rates of Kisan Vikas Patra, due to which the interest rate has increased from 7.0 percent to 7.2 percent now.
Maturity will be done in 10 years: Investors used to get 7% interest on investment for the first 123 months. But from January 1, 2023, they will get interest at the rate of 7.2 percent on investment for 120 months. That is, the Kisan Vikas Patra scheme will now mature in 10 years. Now if you invest in this scheme, then you will be given a return from the new interest rate. ,
Benefits will not be available in this situation: The new changes have come into effect from January 1, 2023. Anyone can open an account under this scheme by investing 1000 rupees. There is no fixed time limit for maximum investment. Any Indian citizen of the age of 18 or above can buy this scheme. You can start investing in this scheme by visiting your nearest post office.
This is how the account will be opened : In this post office scheme, any adult account can be opened on behalf of a minor below 10 years of age. As soon as the age of the minor is 10 years, the account is transferred in his name. You have to go to the post office to open the Kisan Vikas Patra. After this the application will have to be filled along with the deposit receipt and then the investment amount will have to be deposited in cash, check or demand draft. Also attach your identity card with the application. After submitting the application and money, you will get the certificate of Kisan Vikas Patra.
