Post Office Scheme Beats Bank FD in Interest Rates, Not Linked to Senior Citizen Plan

Bank FD vs Post office Scheme Today there are many investment options available. Despite this, we include safe investment to create portfolio balance. Apart from bank FD, there are many options for safe investment. Post office scheme is also one of these. Today we will talk about such a post office scheme in which more interest is being received than FD.

Bank Fixed Deposit has already been the favorite option of investors. Today, apart from fixed deposit, you will find investment platforms with low or no risk. Post office scheme is also one of these.

Today we have brought such a post office scheme, in which more returns are being received than bank fixed deposit. We are not talking about Senior Citizen Scheme or Sukanya Yojana here. If you invest in this scheme for 115 months, then your money gets doubled.

We are talking about Kisan Vikas Patra Yojana of Post Office.

How much interest is received?

According to the official website of the post office, 7.5 percent interest is being given in the Kisan Vikas Patra scheme. If an investor invests for 115 months or 9 years and 7 months, his money will double. At present, many bank FDs are offering less than 7.5 percent interest.

The amazing thing about this scheme is that you can invest any amount in it. There is no limit on this. This post office scheme gives you double money on maturity. You can start investing in this scheme with just Rs 1000.

Can money be withdrawn before maturity?

Investors can withdraw money by investing for 2 years and 6 months under this scheme.

Apart from this, even if the investor dies, money can be withdrawn before maturity.