The interest rate will be more than in other places, which is the benefit of investment in interest rates
Investing in Post Office is a better option as it gives more benefits than other places.
Fixed deposits (FDs) in the post office offer a higher interest rate than other banks.
Post Office’s Public Provident Fund (PPF), Sukanya Samriddhi Yojana, and Senior Citizen Savings Scheme (SCSS) get the benefit of about a 7 percent interest rate.
Similarly, a popular scheme in the post office is Kisan Vikas Patra (KVP), in which you benefit from a good interest rate.
Money almost doubles in 10 years and four months (124 months)
People like to invest in KVP. In this scheme, your money doubles in 10 years and four months (124 months).
If you invest ₹ 100000 in this team, then, later on, that money will double.
At present, it is getting the benefit of a 6.9% interest rate. Let us know about it in detail.
A minimum of Rs 1000 can be deposited
A minimum of Rs 1000 can be deposited in this scheme. There is no maximum investment limit in this scheme.
Can open multiple KVP accounts. It matures in the years decided by the Ministry of Finance.
On the account holder’s death, the nominee/legal heir gets the money.
The customers are given a return on this investment.
You also get maximum benefit in investments like PPF, SSY, and SCSS. Investment can be done as per choice.
