News India Live, Digital Desk: Post office scheme: If you are expecting good money by putting money in Fixed Deposit, then you may be disappointed. In today’s time, the interest on FD is often not able to beat inflation. But don’t panic! Today we are going to tell you about a Dhansu scheme of the post office, which not only keeps your money safe with government guarantee, but also gives better returns from FD and doubles your money in a fixed time!
Yes, according to an article by HR Breaking News, we are talking ‘Kisan Vikas Patra – KVP) Of the scheme. This is an excellent option for those who do not want to take risks and increase their investment safely.
How does this ‘magical’ farmer development letter work?
Whatever money you invest in the farmer development letter, after a certain time Double (double) It happens. According to the current rules, if you invest in it, then your money 10 years 4 months (124 months) I will be double! Think, where you get less interest in FD, and where the money is doubled with government guarantee here!
What is the characteristics of Kisan Vikas Patra?
Safe and Government Guarantee: This is a scheme supported by the Government of India, so your money is 100% safe. Market fluctuations do not affect this.
How much can you invest? You can invest at least ₹ 1000 in it. There is no limit for maximum investment, you can put as much as you want according to your ability.
Who can open an account? Any Indian citizen who is above 18 years of age can open this account. Parents can also open an account in the name of a minor.
Single or Joint Account: You can also open it alone or as a joint account with 3 people.
Transfer facility: During the emergency, you can also transfer this certificate to another person, like someone has to give it as collateral for loan.
Pre-mature withdrawal: If you need money in between, then you can withdraw your money with some conditions after 2 years 6 months (30 months). However, you may lose a little less interest on this.
Tax game: The interest received on this scheme is counted in your taxable income, but TDS (tax deduction at source) is not deducted. You get full money on maturity, on which you will have to pay tax according to your tax slab.
This scheme is like icing for those who want to increase their hard earned money and increase it and do not want to take any kind of risk. So what is the delay, go to your near post office today and take advantage of this magnificent scheme!
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