Post Office Scheme: This post office scheme is best for farmers, you will get big profit

Newz Fast, New Delhi: Many steps are being taken by the government to increase the income of the farmers. From time to time the government runs many ambitious schemes for the farmers.

Crores of farmers are benefiting by joining these schemes of the government. But apart from these, there is another scheme of the government for the farmers, which gives the benefit of good interest to the farmers on their deposits.

Its name is “Kisan Vikas Patra Yojana”. Farmers can take advantage of this scheme through the post office.

What is Kisan Vikas Patra Scheme?

This scheme has been brought in view of the economic benefits of the farmers. This is one of the small savings schemes of the post office.
Under this scheme, farmers can deposit their savings and earn good interest on it. Its most important thing is that the money doubles after a time of investment.

How much can be deposited?

There is a minimum of Rs 1 thousand in this scheme and PAN card is mandatory for depositing more than Rs 50 thousand. That is, if you use a PAN card, then you can also deposit an amount more than 50 thousand.

How much interest is earned in the scheme?

Interest of 6.9% will be available from the post office on depositing money under the "Kisan Vikas Patra" scheme of the post office.

This interest is given on compounding basis annually. In this way, the amount deposited in this scheme doubles within 10 years 4 months.

Can only farmers take benefit of the scheme?

Although the scheme has been brought keeping in mind the farmers, but any person can deposit money through this scheme. Investment is made in this by buying a certificate.

Age of opening account under Kisan Vikas Patra Scheme-

In the Kisan Vikas Patra Scheme of the post office, every person who is 18 years of age or above can open his account. Although minors can also open an account under this scheme, but this account can be opened by the guardian.

This scheme of post office run by the government is a step towards strengthening the economic side of the Annadata farmers.