Post Office Schemes: In today’s life, people may work or run their own small business. One thing remains in everyone’s mind that is to save a little part of their income and invest it in the right place. These small savings turn into huge amounts later on and come in handy in difficult times. Most people still rely on bank FD for investment because they provide fixed returns.

But in the recent past, banks have reduced the interest rates on FD. Because of which people are looking for better options. Here, small savings schemes of the post office have emerged as a strong option. In many schemes, the interest is more than 7 percent and due to government guarantee, there is no worry about safety. For this reason, common people have started investing in post office schemes. Let us tell you about the three best schemes of the post office.

National Savings Certificate

National Savings Certificate i.e. NSC is a good option for those people. Those who want safe investment and fixed returns. At present, 7.7 percent annual interest is being given on this scheme and the interest increases every year by compounding. If you invest Rs 10000. So in 5 years this amount reaches to around Rs 14490.

The entire amount is guaranteed and it is operated by the Central Government. This scheme also gives tax exemption up to Rs 1.5 lakh under section 80C. However, tax rules on interest remain applicable. In this the money remains locked for 5 years. Therefore, it is better for those who are looking for a safe and medium range option.

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Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana is the most popular government scheme made for the daughter. At present 8.2 percent annual interest is being given on it. Which is one of the safest interest rates available in the market. In this, parents can open an account in the daughter’s name and deposit money for 15 years and the account remains active for 21 years or till the daughter’s marriage.

The specialty of this scheme is that the interest received on the deposited amount and the entire maturity amount is tax-free. There is no market risk anywhere in this. Therefore, it is a strong and reliable option for planning big expenses like daughter’s education and marriage. Investment can also be made in small installments. Therefore, even middle class families can easily join it.

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Kisan Vikas Patra

Kisan Vikas Patra is such a scheme of the post office. Where your money automatically doubles in about 115 months i.e. about 9 years and 7 months. At present, 7.5 percent annual interest is being given on KVP and the returns are compounded. For example, if you invest Rs 10000. So after completion of time this amount reaches to around Rs 20000.

This scheme comes with full government guarantee. Therefore, investors do not have the fear of losing money or market fluctuations. However, it is not considered right to withdraw money before maturity. But in some special circumstances the facility of partial withdrawal is provided. This is a good option for those who want safe investment.

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Post office kisan vikas patra yojana: In today’s time, investment has become a very important part of everyone’s life. When in life, what work should be needed. In such a situation, people may not work. But the investment made by you is useful, but we often wonder how to make safe investment and money should be increased gradually.

If you are thinking the same, then the post office farmer development letter scheme is a great option for you. Those who want to make long term investment. Those people can double their money by investing in this scheme. So let us tell you what is the way to invest in this scheme and in how many months the money will be double.

Money double in Kisan Vikas Patra Scheme

The Kisan Vikas Patra Yojana is a safe post office scheme. Which gives investors fixed interest for long term. The amount invested in this scheme doubles in 8.4 years i.e. about 100 months. The advantage of this is that you do not need to invest in risky places like stock market or mutual funds. Any Indian citizen can invest in this scheme. You have to tell you that there is a minimum investment of 1 thousand rupees. So no limit for maximum investment has been fixed.

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How to invest?

It is easy to invest in Kisan Vikas Patra Scheme. You need passport size photo, identity card and bank account details. Plan can be purchased by going to the post office or through online medium. You have to submit a fixed amount at a time. And you are given a certificate.

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On the basis of this certificate, both the amount and interest are safely returned to the investor account on completion of the period of the scheme. The biggest advantage of the scheme is that it is completely safe and investors get fixed returns. For more information about the scheme, you can go to the nearest post office.

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Kisan vikas patra: To keep the future of ourselves and our family secure, we invest in various schemes, so that we will get a lot of profit. Today we are going to tell you about one such scheme, which doubles your money in a short time. We are talking about Kisan Vikas Patra here, in which there is no possibility of drowning money because the responsibility of its maintenance is in the hands of the government.

Money becomes double in so many days

Through this certificate scheme, savings are promoted in the country. The money invested in this government scheme of the post office started in 1988 becomes double in 115 months i.e. about 9 and a half years. In this, you can start the investment at least 1000 rupees, there is no limit of maximum investment. In this scheme, interest is available at the rate of 7.50 percent on the amount deposited.

This is the specialty of the scheme

The biggest feature of this scheme is that even a child over 10 years of age can invest in it. The maturity period for the scheme is about 10 years, but after 2 years 6 months you can also withdraw Premature. The scheme also has a nominee facility and under Section 80C of the Income Tax Act, 1961, a tax benefit of up to 1.5 lakh is also included. That is, overall, your money is also safe in this scheme and good returns are also available.

How to buy Kisan Vikas Patra?

• For this, you have to go to a nearby post office branch or government bank.
• Then from here, take the Kisan Vikas Patra Yojana application form and fill the information sought in it correctly.
• Now submit the photo copy of all the necessary documents together by pasting the passport size photo and signing the thumb mark or sign.
• If you want, you can also get more information related to this from 1800 266 6868 helpline number.
• Some banks also give you the facility of opening KVP accounts online such as ICICI Bank, HDFC Bank, IDBI Bank.

These documents will be needed

• Identity Proof
• Address proof
• Aadhar card
• PAN card will also be imposed on investment of more than Rs 50,000.

Who can open?

• You should be a citizen of India.
• Age should be more than 18 years.
• Legal parents can open this account in the names of children under 18 years younger.
• NRI cannot invest in this scheme.
• In this you can open a single account.
• Two adults can also open a joint account.

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