Desk: You have many options for investing in the country. But the post office is considered to be the safest and most beneficial for investment. A post office scheme will double your money. The name of this scheme is Kisan Vikas Patra. You will be interested in this. The amount invested in this KVP doubles in 115 months. Let’s know about this scheme in detail.
Start investing with Rs 1000
One can invest a minimum of Rs 1,000 and in multiples of Rs 100 in the Kisan Vikas Patra scheme. The special thing is that you can invest as much money as you want in KVP. There is no limit for opening an account.
KVP offers you an interest rate of 7.5%. By investing in this scheme, your amount will be doubled in 115 months. This means that if you invest Rs 1 lakh, you will get Rs 2 lakh after 115 months. At the same time, if you deposit Rs 20 lakh in the KVP account, then it can be converted into Rs 40 lakh.
What are benefits?
You will get a guaranteed return on this plan. It has nothing to do with the stock market. The KVP account matures in 115 months, but you will continue to get interest until the money is withdrawn from the account. You can take a secured loan through Kisan Vikas Patra.
At the time of opening the Kisan Vikas Patra account, documents like Aadhaar card, birth certificate, passport size photo, KVP application form, etc. are required. You can also transfer your KYP account.