Post office scheme: This better scheme of post office will double the money of farmers

Post office scheme: Even today, many families in the villages of the country are dependent on agriculture. In such a situation, some special savings schemes can prove to be very helpful for the farmers. 

Some schemes of the postal department are not only a good means of savings for the farmers, but can also provide a fixed income every month. One of these schemes is the Post Office Monthly Income Scheme (MIS).

Get a fixed amount every month

Pramod Agnihotri, Assistant Superintendent of Satna Postal Department, said that Monthly Income Scheme is one of the most reliable schemes of the post office. In this, farmers can deposit the money they get after selling their crops. 

Its biggest advantage is that it gives 7.4% annual interest, which comes directly to your account every month in the form of a fixed amount. With this, farmers can easily meet their monthly expenses.

This scheme is special because it gives farmers a safe investment option in which their money is completely safe. The amount deposited in it gives a fixed income every month, which can easily meet the daily expenses. 

Since this scheme is run by the post office, there is no risk in it and farmers can rest assured that their money is safe. 

Apart from this, the huge amount received after selling the crop can also be used properly through this scheme. This scheme is especially beneficial for those farmers whose income comes only once or twice a year, but the expenses go on throughout the year. In such a situation, this scheme gives them a stable and reliable source of income.

More benefits than FD

After this, the second good scheme is Term Deposit (TD). This is a type of fixed deposit in which you can deposit your money for 1 year, 2 years, 3 years or 5 years. 

In this scheme, the post office gives more interest than other banks and companies. This scheme is a good option for safe investment for farmers, especially when they get a large amount at once after selling the crop. In such a situation, by investing this money in term deposit, they can earn good interest and can use it at the time of need.

Money doubling scheme

One of the oldest and most trusted schemes of the post office is Kisan Vikas Patra (KVP). This scheme was specially designed keeping farmers in mind. 

In this, farmers can start investing with a minimum of ₹ 1,000 and if they want, they can deposit more than this i.e. unlimited amount.

The biggest feature of this scheme is that your money doubles in 10 years and 4 months. This is a very good option for those farmers who want to make safe investments for a long time and want to save money for the future.

How to open an account? 

To avail the benefits of all these schemes, farmers can apply by visiting their nearest post office. For this, take along Aadhar card, photocopy of PAN card and two passport size photographs. 

Fill a one page form in the post office by mentioning the name of the scheme and the amount to be deposited. Shortly after submitting the form, you will be given the passbook of the account.