Post office account: Your money will double in 115 months in this post office scheme. check scheme details

Kisan Vikas Patra (KVP) is a very fashionable scheme of the post office, in which the money doubles on investing. To avail this profit, buyers have to take a position money for 9 years and seven months.

Everyone desires that each his current and future must be financially safe, that’s the reason he likes to take a position his money in a spot the place he will get good curiosity on his money and his money can also be protected. One such place is post office the place one not solely will get good curiosity on investing however the money can also be utterly protected right here. Post office has many such schemes which are a magnet for individuals in direction of it.

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Saving account

This account might be opened by any grownup alone or with solely two individuals (Joint, Two Adults solely). Those who’re under 18 years of age will must open the account with a guardian. 4 p.c curiosity will be given yearly on the financial savings account. To open this account a minimal quantity of Rs. 500 will must be deposited for the primary time. If there is no such thing as a transaction from the account for 3 consecutive monetary years, the account will go into silent mode. KYC will must be given to function it once more.

Also Read: Bank Holders Alert: These accounts of Punjab National Bank will be closed by the tip of June. Details Here

National Savings Time Deposit Account

is a scheme of the post office in which a variety of curiosity is being given on funding of 1 to 5 years. In this scheme, 6.9 p.c curiosity is being given on funding of 1 12 months, whereas 7 p.c curiosity is being given on investing money for 2 years. And 7.5 p.c curiosity is being given on funding of 5 years. The minimal funding restrict in this scheme is Rs 1000 and money can’t be withdrawn from this scheme earlier than 6 months.

Kisan Vikas Patra (KVP)

is a very fashionable scheme of the post office, in which the money doubles on investing. To avail this profit, buyers have to take a position money for 9 years and seven months. For the remaining interval lower than that, an annual curiosity of seven.5 p.c will be acquired. A minimal funding of Rs 1000 must be made in this scheme.

National Saving Certificate:

Investing money in this scheme will fetch 7.7 p.c curiosity every year. But there’s a catch with this rate of interest, that’s, the rate of interest will be accessible solely on maturity. The minimal funding restrict in this is Rs 1000, though there is no such thing as a restrict on most deposit.

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