Hello Gujarat, Government has announced 7.5 percent interest on Kisan Vikas Patra for October-December period of FY 2023-24. If you invest in Kisan Vikas Patra for 115 months, your money will double.
Kisan Vikas Patra Yojana being a post office scheme there is no risk of money sinking and the money gets doubled till maturity. Before the increase in interest rate, the money in Kisan Vikas Patra used to double in 123 months, but with the increase in interest rate, the doubling period has decreased and now the money is doubling in 115 months.
For example, if a person invests one lakh rupees in Kisan Vikas Patra for 115 months, on maturity that person will get two lakh rupees. You can invest in Kisan Vikas Patra from 1 thousand rupees. There is no maximum investment limit. That means you can invest as per your wish. Kisan Vikas Patra also gives you the benefit of tax exemption.
How to open account in Kisan Vikas Patra? To open khutu in Kisan Vikas Patra scheme one should have a saving account in post office, through which you can easily open account in Kisan Vikas Patra.