Small Savings Scheme : People have a lot of faith in Post Office Schemes because they get guaranteed returns in them. These post office schemes are offered by the government. Kisan Vikas Patra is one of the most successful schemes of the government.
If you have also invested in this scheme then this news is very important for you. At the end of this month i.e. from next month the government will make a big change in it. This can be of benefit to you as well as loss. Therefore, know what this change is.
What could be the change?
The government is going to change the interest rates of all small saving schemes. Kisan Vikas Patra is also included in this. The decision on the new interest rate of the scheme can be taken at the end of September 2023 i.e. on 29th or 30th September.
It is known that interest rates for small savings schemes are notified by the government on quarterly basis. In the last change on June 30, interest rates on many small savings schemes were increased. Earlier, interest rates were also increased for April-June 2023.
What is the interest rate now?
Currently, those investing in Kisan Vikas Patra get 7.5 percent interest annually (Kisan Vikas Patra Interest Rate). Under this scheme, minimum investment can be made of Rs 1000 and there is no limit on maximum investment.
It is known that Small Saving Schemes are those saving instruments which are managed by the government so that citizens can be encouraged to save regularly. There are three categories of small savings schemes, which include savings deposits, social security schemes and monthly income plans.
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