Money will double in this scheme in just 115 months, know how to take advantage and the necessary documents

The central government is running a wonderful scheme for the farmers, in which the fortunes of the farmers will change as soon as they invest. For this, farmers will not have to spend much money.

If you are a farmer and planning to invest, then this is a great opportunity for you. The Post Office Department is currently running the Kisan Vikas Patra Yojana for the farmers, in which they will get bumper returns on investment. The special thing is that the government has recently increased the interest rate available on this scheme. Now on investing under this scheme, you will get 7.5 percent interest rate. This means that now instead of 120 months, the money will double in 115 months.

Actually, the Government of India has started the Kisan Vikas Patra Yojana to strengthen the farmers financially. This is a type of lump sum investment plan. That is, in this scheme you will have to deposit one time money. Its biggest feature is that the money of the farmers will be doubled within a fixed period. In such a situation, investors get very good returns. Right now a large number of farmers are joining this scheme in the country.

Minimum can invest 1000 rupees

On April 1 this year, the central government increased the interest rate on Kisan Vikas Patra from 7.2% to 7.5% annually. That is, now investors' money will double in 115 months. At the same time, the government had earlier reduced its maturity timing from 123 months to 120 months. But now it has been further reduced to 115 months. Kisan Vikas Patra Yojana is being operated in all the post offices and big banks of the country. If farmer brothers want to invest their capital in this scheme, then they can talk to the officials by going to the post office. Farmer brothers can invest a minimum of Rs 1000 in this scheme. But no limit has been prescribed for the maximum amount.

These documents will be needed

The biggest feature of this scheme is that any member of the farmer's household can open his account. Just for this, the age of the investor should be more than 10 years. No guardian will be needed for this. At the same time, the process of opening an account is also very easy. For this, first of all you have to go to the post office located near the house. Then, after talking to the officer, the form has to be filled to open the account. As soon as the account is opened, you will get the certificate of Kisan Vikas Patra. Kisan Bhai must take Aadhaar card, age certificate, passport size photograph, KVP application form and mobile with you while going to the post office, as it may be required.