Post office schemes are a long term investment. But it does not have a risk factor as it has a government guarantee.
Invest in a cool post office scheme
The amount in this scheme will double in 10 years
This post office scheme is zero risk
Post office plans are for people who prefer traditional investments and are interested in long term investments. The safest way to invest in this is to secure your future and that of your family. Post office plans are a long term investment. The stock market is more profitable. But there is also a lot of risk. In this case, investing in a post office can be profitable for you without any risk.
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Zero risk investment
If you want to invest with risk. So there are many types of investment options available. But if you can take more risk, you can invest in equities like mutual funds. But if you are looking for a safe and zero risk investment then Post Office Savings Schemes (Kisan Vikas Patra) may be a better option.
Post office schemes get government guarantee. So there is no risk factor. There is also a guaranteed return on investment. Here we are going to tell you about one such post office scheme. Whose name is Kisan Vikas Patra.
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Find out what is Kisan Vikas Patra (KVP)
Kisan Vikas Patra is a scheme with a duration of 124 months i.e. 10 years and 4 months. If you invest in this scheme from 1st April 2022 to 30th June 2022, the amount deposited by you will be doubled in 10 years and 4 months. You get 6.9% annual compound interest on Kisan Vikas Patra. This means that the profit is also good according to the risk involved.
You can make unlimited investments
If you can start Kisan Vikas Patra Certificate with a minimum amount of Rs.1000 then there is no limit for maximum investment in this scheme. That means you can invest in as many schemes as you want. The scheme was started in 1988. Then its purpose will be to double the investment of farmers. But now everyone can open it.