Kisan Vikas Patra Yojana: Where do people not invest in today's era? Some in the stock market, some in mutual funds, and some get FD done in the bank. So some invest money in some other way. Now people have started taking a lot of risk in the name of investment. But there are some schemes too. Where you do not have to feel tension after investing. Neither is there a need to do trekking again and again.

Today we are going to tell you about one such government scheme. By investing in which you can double your money. This scheme is for those people who are looking for a long term investment plan. Let us tell you which is this scheme and in how much time the money will double in it.

Money will double in Kisan Vikas Patra Yojana

Many schemes are run by the post office for the people. By investing in them, people get a lot of profit. One such scheme is named Kisan Vikas Patra Yojana. At present, very good interest is being given in this scheme of the post office. At this time if you start investing in it.

So you are being given an interest rate of 7.5% in it. Anyone can start investing in this scheme from Rs 1000. Let us tell you that there is no limit on maximum investment in this scheme. In this scheme, an account can also be opened in the name of children above 10 years of age.

Money doubles in so many months

By investing in Kisan Vikas Patra Yojana, you can double your deposit amount. The amount deposited in the scheme doubles after 115 months. That is, if you deposit Rs 5 lakh in this scheme. So at the current interest rate of 7.5%, after 115 months i.e. after about 9.5 years, your amount will increase to around 10 lakhs. Let us tell you that in this scheme you can open both single and joint accounts. To avail the benefits of the scheme, you can apply by going to your nearest post office.