Kisan Vikas Patra: Money will be doubled in this post office scheme, you will get big returns on maturity
Kisan Vikas Patra i.e. KVP scheme was started in 1988. This is a scheme in which the amount invested by you doubles after a certain period. You can start investing in this scheme with a minimum of Rs 1000
Although there are many investment options available in India like the stock market, mutual funds, gold bonds, and fixed deposits, a large section of the country looks towards such options for investment, where their blood and sweat earnings are not available at any cost. There should be no heat of any kind and when the time comes, they should get their full money. A fixed deposit is considered to be a very safe option of investment, but at present, there are many better options available than Fixed Deposit, where your money is completely safe, along with this, here you will get FD. It also gets good returns as compared to. Yes, we are talking about the ‘Kisan Vikas Patra’ scheme.
You can start investing in KVP with Rs.1000
Kisan Vikas Patra i.e. KVP scheme was started in 1988. This is a scheme in which the amount invested by you doubles after a certain period. You can start investing in this scheme with a minimum of Rs 1000. There is no limit on the maximum investment in this. The amount deposited in the Kisan Vikas Patra Scheme matures in 10 years and 4 months, after which you get double the amount deposited.
Money doubles after 10 years and 4 months
Suppose you have invested Rs 5 lakh in Kisan Vikas Patra Scheme today i.e. on June 18, 2022. This amount of your Rs 5 lakh will mature after 10 years and 4 months i.e. on October 18, 2032, and you will get double the amount of Rs 5 lakh deposited i.e. Rs 10 lakh.
If needed, after two and a half years, the amount can be withdrawn
A special feature of Kisan Vikas Patra is that if you ever need money, you can withdraw your money even after two and a half years, on which you will get an interest of 6.9 percent. If you have any fear or concern about the security of your investment in Kisan Vikas Patra, then remove it because it is a post office scheme, which is completely government. Therefore, your money is completely safe in this post office scheme.
Various types of facilities are available on the account
Kisan Vikas Patra was started for the farmers but now any citizen of the country can invest in it. Many types of accounts are opened in KVP. In this, you can also open your account. Apart from this, there is also the facility of opening a joint account. Along with this, you can also make any special person a nominee in this scheme. For more information related to Kisan Vikas Patra, you can also visit your nearest post office or you can also get information by visiting the post office website.