Post Office KVP Scheme: See, in today’s inflation, everyone thinks that some money should be saved for the future. Isn’t it? And when it comes to saving, the first thing that comes to mind is that the money should be absolutely safe and also get good returns. The government has started many such schemes in the post office, in which your money will be absolutely safe and will also grow a lot. One of those schemes is Kisan Vikas Patra.
What is Kisan Vikas Patra?
This is a small savings scheme of the post office. The government has started it and this scheme is such that whatever money you deposit in it, it will be directly doubled! That is why people are liking this scheme a lot.
Although this scheme was started for farmers, so that they can quickly double their hard-earned money by investing in it. But now any Indian citizen can invest money in it.
You will get tremendous benefit of interest
If you are also thinking of investing money in Kisan Vikas Patra, then let us tell you that your money really gets doubled in it. At present, the government is giving 7.5% annual interest in this scheme. And this interest is decided by the government, so its interest rate can change every three months.
How much money can you invest?
You can start investing in Kisan Vikas Patra with a minimum of ₹ 1000. And you can invest as much as you want, there is no limit! The more money you invest, the more you will get doubled. If you want, you can open an account alone or husband and wife can also open a joint account.
For how much time will you have to invest money?
If you want to double your money by investing in Kisan Vikas Patra, then you will have to deposit money for 115 months, i.e. 9 years and 7 months. On completion of maturity, your money will directly double and come into your hands.
Money doubles in the blink of an eye!
Suppose, if you are 18 years old and you invest ₹13 lakh in Kisan Vikas Patra for 115 months, then at the rate of 7.5% interest, you will get ₹26 lakh after 115 months. That means your money will double in 9 years and 7 months! Isn’t it an amazing scheme?