If you Deposit ₹2,00,000 at Post Office, you will get ₹2,00,000 interest rate
Post Office Scheme: Post office customers will continue to receive the same high interest rates on their savings schemes. The government has not changed the interest rates for the fourth and final quarter of the current financial year, which began on January 1st. It’s worth noting that the post office offers several savings schemes for its customers, including one where your money doubles upon maturity. Here we will tell you about a post office scheme where you can deposit ₹2 lakh and receive a fixed interest of ₹2 lakh.
The Post Office’s Kisan Vikas Patra (KVP) is a savings scheme where your money doubles. Whatever amount you invest in this scheme, it will double, whether you invest ₹1 lakh or ₹1 crore. The KVP scheme involves a lump-sum investment and currently offers an attractive interest rate of 7.5%. At this rate, this Post Office scheme matures in 115 months, which is 9 years and 7 months, and doubles your investment. You can open a Kisan Vikas Patra account with a minimum investment of just ₹1000.
If you deposit ₹2 lakh in the Post Office KVP (Kisan Vikas Patra) scheme, you will receive a total of ₹4 lakh at maturity, including a fixed interest of ₹2 lakh. It’s worth noting that there is no maximum investment limit in this Post Office scheme. This scheme offers a guaranteed fixed return. Both single and joint accounts can be opened under this scheme. A joint account can include the names of up to three people.
