POMIS or Post Office Monthly Income Scheme is an investment plan where you can invest a lump sum amount and can get monthly interest as income.. You can invest in POMIS at any Post Office across India. Post Office Double Money Scheme 5 months ago Step by Step Guide to Apply for Post Office Double Money Scheme 2021 (KVP), Complete Details, Online Form The Indian… In this scheme, you deposit money to the post office or bank they provide higher interest rates on your investment and after the maturity period, you can withdraw double the investment amount from this scheme. This scheme is launch by different bank under which customer can get their money double over a period of time. Guarantees you to give 100 % returns ( means Double the invested money). Highest Post Office TD interest rate: 6.70% p.a. It can be used as collateral security in banks against loans. How to open an account. The scheme was launched long back but suspended due to the misuse of the scheme in various ways. Post Office Scheme: Kisan Vikas Patra (KVP) Scheme is one of the most popular small savings schemes of the India post. Post Office Time Deposit Scheme: You can invest in post office schemes to get good returns. Send the form back to: Household Budget, An Post, 3A General Post Office, Freepost, O'Connell Street Lower, Dublin 1, D01 F5P2. 3. 4) Senior Citizen Savings Scheme-After one year but before two years at discount of 1.5%. While investing your money in mutual funds and stocks can as well double your money, and probably in less time, but the risks associated with these schemes keep the vulnerable and small investors away. Post Office Kisan Vikas Patra Scheme is one of the most popular small saving schemes provided by the Central Government. Post Office Senior Citizens Savings Scheme currently offers an interest rate of 7.4 per cent. An HUF or an NRI is not eligible for this scheme. India Post, Ministry of Communication & Technology Services_through_IPPB JavaScript is a standard programming language that is included to provide interactive features, … This scheme is named as ‘Cent Double’ where you can deposit your money to get double the amount of deposit you made in 90 months i.e 7 years and 6 months of time. Tweet. In such a situation, if you do not want to take the risk of investing in the market, then the Small Savings Scheme of Post Office can be useful for you. In the Kisan Vikas Patra scheme, money gets double in 124 months. It is one of the best post office schemes to invest.how to double money in post office,double money in post office,post office double money scheme 2020,post office scheme to double the money,post office … Double your money by investing in this post office scheme. All the Post office schemes guarantee returns as the Government of India backs them. Post Office Kisan Vikas Patra Scheme is one of the most popular small saving schemes provided by the Central Government. Post Office Scheme: Invest In Kisan Vikas Patra,make your money double Post Office Scheme: 124 महीने में गारंटी के साथ पैसा होगा डबल, 1 के बदले मिलेंगे 2 लाख रुपए The higher the investment tenure, the higher is the interest rate offered. Let us know that the savings scheme of the post office has always been considered a good investment option for the people. The PPF account can be opened in a Post Office which is double handed and above. Apply for Kisan Patra Vikas Scheme (KVP) Online. This scheme is specially designed for people who want to invest the lump sum amount to get a regular monthly income. While it is completely safe, the money is guaranteed to double in some of their schemes. Subsequently, on March 16, the government reinstated the interest rates on post office savings schemes. But when it comes to investing in these schemes, it becomes extremely important to consider all the available options. The Indian Post Office has introduced the Post Office Double Money Scheme or Kisan Vikas Patra Scheme 2021. Moreover, few post office investment schemes also offer tax benefits up to Rs 1,50,000 upon investment under Section 80C of the Income Tax Act 1961. Here discount means deduction from the deposited amount. If you invest in the small saving schemes of the Post Office, then you will have to pay different charges for different services. The reason for this is the guarantee of safe return of money along with good returns. Currently, Post Office is offering 5.5% interest rates on Time Deposits. Posted on October 31, 2020. Minimum balance to be maintained in respective Post Office Savings Account should be Rs. Benefits of Kisan Vikas Patra: Guaranteed returns. This is one of the best selling post office schemes. In this post office scheme people can earn more amount of their hard work with confidence. Get detailed information on post office monthly income scheme including key features, interest rate, documents required and withdrawal process! Post office’s Kisan Vikas Patra, this scheme doubles your invested capital in 124 months. There are some schemes of post office in which banks get more interest than fixed deposits.Kisan Vikas Patra Benefits, Benefits of KVP Scheme, how to double money,Schemes Of Post Office,kisan vikas patra interest rate 2020,kvp interest rate calculator,how to calculate income … Share. Since, KVP is central government backed scheme, after investing in this Post Office scheme, the investor gets a guarantee from the government that his or her money is secured with a guaranteed return. It is also known as KVP. 11.25%. New duplicated Passbook will be issued by respective Head Post Offices. With NSC, you can get more than double of your initial investment in 10 years. Post Office is offering a 7.1% interest rate on its Public Provident Fund (PPF), which is a 15-year … One can make a minimum investment of Rs 100 and in multiples of Rs 100 in NSC. There are some schemes of post office in which banks get more interest than fixed deposits. If you have collected some part of your earnings as savings, then you can invest in the post office Kisan Vikas Patra scheme. The specialty of this scheme is that in this you get the facility to double the money with a guarantee. If you invest your money in a Post Office savings bank account, then your money will get doubled in nearly 18 years, as the investment option offers only a 4% interest rate. It is a one time deposit investment scheme. The government-run scheme offers a guaranteed double return on investment. Post Office Fixed Deposit (POFD) is similar to a bank deposit where the money is deposited for a fixed tenure and interest rate. 8.50%. So let us know how long your money will be doubled in the Post Office Kisan Vikas Patra. These saving schemes are the initiatives of the […] So, if you start perking your hard earned money, it will be doubled in 10 years and 4 months. INTRODUCTION India Post is a government of India-backed department spread across the nation with around 1,55,000 branches. What are the norms for issuing a Cheque Books? Earlier on February 13 this year, the IRD reduced the interest rate on post office savings schemes but the decision drew huge criticism as it would affect marginalized people who had saved money at the post office. Post Office Scheme to Double the Money. KVP Post Office Double Money Scheme 2021 किसान विकास पत्र योजना How to Apply Online/ Offline Eligibility & documents भारतीय सरकार निवेश के लिए भारतीय पोस्ट ऑफिस के साथ मिल कर एक स्कीम चला रही There are some conditions for investment. Post Office Recurring Deposits. If you are thinking for fix deposit your money for take double amount after its maturity in minimum times, then you should go to Indian Post Office . Post Office Schemes have become increasingly popular among investors nowadays because they are government-backed and promise risk-free returns simultaneously. Sunday, June 6, 2021 This Post Office tax saving scheme as the name suggests is implemented for senior citizens. Based on the same effect, here's how Rs 10,000 now invested in lumpsum in 3 small savings scheme will double in around 10 years. If you also want to double your money guarantee you can invest in Post Office Kisan Vikas Patra Yojana. Post Office Savings Schemes – Types & Benefits. Updated on 21 Jan 2021. under this scheme your money will double in 9 years. These schemes are generally offered by banks and require customers to deposit certain sums for a fixed period of time. After 3 years at the discount of 1% of deposit. Key Features of NSS-2012 Sl. Union Bank Limited. Under the Agrani Bank Double Benefit Scheme a deposit of minimum BDT 50,000.00 (fifty thousand) or its multiples and Maximum 10.00 (Ten Lacs) will be received for a period of 15 Years. Small Savings Schemes in India: List of Small Savings Schemes that offer better returns. This scheme of post office is named Kisan Vikas Patra (Kisan vikas Patra - KVP) scheme. This scheme can be purchased from the post office or big banks of the country. The money deposited is not subject to market risks and stays safe. These schemes are offered by bank only and also not by all but by few banks. Kisan Vikas Patra (KVP) for a very long time has been a very popular investment scheme amongst lower and middle income earners. The Post Office Time Deposit (TD) Account, also known as the Post Office Fixed Deposit (FD) account, can be opened with a minimum of Rs.1,000 in multiples of Rs.100, with no maximum limit. Post Office Scheme New Delhi: Everyone should save to avoid shortage of money … The specialty of this scheme is that in this you get the facility to double the money with a guarantee. A Post Office near you is probably the only place that can give you the guarantee to double your money. 3) Post Office Monthly Income Scheme-Before 3 years but after one year at the discount of 2% of the deposit. Check features, interest rate, withdrawal rules of this post office scheme. In such a situation, if you do not want to take the risk of investing in the market, then the Small Savings Scheme of Post Office can be useful for you. Double Money … Post office provides you one of the safest options to invest your money and get a stable returns without taking any risk. Check features, interest rate, withdrawal rules of this post office scheme Sunil Dhawan. New Delhi. Individuals who have retired under VRS (Voluntary Retirement Scheme) or on superannuation and belonging to the age group of 55-60 can also invest in this scheme. Now, small savings schemes interest rate revision, the new Kisan Vikas Patra account will have a maturity period of 124 months instead of 113 months. The Indian Post Office has introduced the Post Office Double Money Scheme or Kisan Vikas Patra Scheme 2021. The main objective of this scheme is to invest in a long-term savings plan. The scheme was launched long back but suspended due to the misuse of the scheme in various ways. In this post office scheme people can earn more amount of their hard work with confidence. In fact, under this scheme, the money is guaranteed to be doubled in 124 months at present. money will be double with these post office schemes; பணத்தை இரு மடங்காக்க சூப்பர் ... தபால் நிலைய சேமிப்பு சேமிப்பு savings post office schemes post office scheme post office savings post office interest rate double your money. Of these, 90% are located in rural areas of India. If you wish to double your investment amount, ... To invest small fixed amounts of money at regular intervals, one can open a 5-year RD account with the post office. Benefits of the scheme You get many facilities in Kisan Vikas Patra Yojana. Post Office Plan: Double money guaranteed! Email. Pros of Post Office Money Double Scheme KVP is a safe investment as it is not subjected to market risks. That is why it is run by the government. for a tenure of 5 years This scheme is valid only upto 31st December 2011. Cheque books are issued in respect of Post Office Savings Account. Post office has different saving schemes. Public Provident Fund (PPF) Interest offered on the scheme … Share. It is a one-time (one-time) investment (investment) scheme issued by the Government of India. Apart from this, the scheme can also be transferred to other post offices. All post office small savings schemes are very popular and people can Compare All Post Office Schemes 2021 to check savings schemes interest rate 2021, calculator, tax benefits, withdrawal, maturity period, account balance and also find new scheme suitable for boy child / girls or scheme to double the money / earn monthly income If you are planning for safe investment, then you can invest in the post office 'Kisan Vikas Patra' scheme. Mudaraba Double Benefit Deposit Scheme. Double Your Money! Now, small savings schemes interest rate revision, the new Kisan Vikas Patra account will have a maturity period of 124 months instead of 113 months. There is no maximum limit. 6 Years 6 months. There is a Scheme called KVP ( Kishan Vikas Patra) scheme Which. How many conditions have been created to invest in this scheme. In this regard, a recent development has been done. Post office’s Kisan Vikas Patra, this scheme doubles your invested capital in 124 months. Initially, It was launched only for Farmers (Kishans) But Now, It is available for everyone. Highlights of Post Office FD Interest Rates. You can open this account for 1 year, 2 years, 3 years, and 5 years. National Savings Certificates. No Name of Schemes Maturity Limit Interest rate Tax Treatment Investors Pen You can invest in KVP only at Indian Post Office. National Savings Certificates is a fixed income investment offered by … Double Benefit Deposit Scheme. note: The post office periodically reviews the interest rates. Investors looking to save for long term with complete safety of money may consider investing in Kisan Vikas Patra (KVP). That is, 72/8 = 9 years, i.e. Investments of 1 year to 3 years in the post office are getting returns of up to 5.5 percent on time deposits. 30-10-2020. As interest rate offered on a post office FD plan is fixed, it is essential to identify yearly returns for the calculation of total years it would take to double an FD investment. However, the Indian Post Office relaunched in 2014. That is why it is run by the government. May 20, 2021 by cscportal. On maturity 2 times of the deposited amount will be paid back to the account holder. This scheme of post office is named Kisan Vikas Patra (Kisan vikas Patra - KVP) scheme. Invest in this post office scheme to get double return What is Kisan Vikas Patra Scheme. But due to popular demands and request the KVP was re-introduced in 2014. Kisan Vikas Patra is one such scheme for investors who want guaranteed returns. Post Office money double scheme is also known as Kisan Vikas Patra (KVP). (Don’t go after the name ‘Kisan’, it is not for farmers only, anyone can invest in KVP.) Kisan Vikas Patra is a certification scheme in which invested money gets doubled in around 10 years and 4 months based on the current interest rate. There are many investment products to double money in India. Indian Post is giving double of your amount on Kissan Vikas Patra in 8 years and 7 month. Share. If you are also planning to invest in the long term, you can invest in this scheme. You can also invest in this scheme for 5 years, in which you can get an attractive interest rate of 6.7%. A prescribed fee for issue of duplicate passbook to be paid. Post Office Double Money Scheme 2021 (KVP) Complete Details of Post Office Double Money Yojana. A Fixed Deposit Double Scheme is a plan which aims to double the investment of a customer over a period of time. India Post, which controls the postal chain of the country, also provides several deposit avenues for investors, commonly known as post office saving schemes.These schemes were introduced to provide investment avenues and inculcate savings discipline among Indians from across economic classes. However following are the 4 options which are highly secured and ZERO risk. What is Fixed Deposit Money Double Scheme? The investments in Post Office time deposits are considered better due to the sovereign guarantee and higher rates. By Anand Kumar. At this rate, one double his or her money in 9.73 years by investing in this account. Key features of the existing National Savings Schemes.

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