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| Guarantee Double Money Special Government Scheme 2020 |
Special government scheme to guarantee double money! Double the money in 124 months, raise the advantage this way
Investing in this post office the scheme protects the investor's money and guarantees good returns.
If you want to double your
money, invest in Post Office Kisan Vikas Patra Yojana. Investing in this post
office scheme protects the investor's money and guarantees good returns. The
interest rate for this scheme and the time frame for doubling the investment
are fixed by the government on a quarterly basis. According to the India Post
website, the maturity period in the Kisan Vikas Patra is 124 months. This means
that the customer's money will now double in 124 months, i.e. in 10 years and 4
months.
Who can invest?
The age of the investor in
Kisan Vikas Patra should be at least 18 years. It also has the facility of
joint account apart from single account. This means that the scheme is also for
minors. Which is to be supervised by the guardian. The scheme is also
applicable to Hindu Undivided Parivar i.e. Trust except HUF or NRI. Kisan Vikas
Patra has certificates up to Rs.1000, Rs.5000, Rs.10,000 and Rs.50,000 which
can be purchased.
The interest rate for KVP has
been fixed at 6.9 per cent till September 30, the second quarter of the
financial year 2021. Your investment here will double in 124 months. If you
invest Rs 1 lakh at a time, you will get Rs 2 lakh after 10 years and 4 months.
The scheme has a maturity period of 124 months.
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