KVP: Invest in this government scheme, your money will double in these many days..

Everyone wants their money to be safe, and they should also get a good profit on it. If you are also looking for such a scheme, where your money is not only safe but also doubles after some time, then a special scheme of the post office is for you. Yes, we are talking about Kisan Vikas Patra (KVP), which is a savings scheme run by the government, in which your money can double in a fixed time. Let us know in detail about this scheme, how it works, how much return is available in it, and how you can start investing in it.

What is the Kisan Vikas Patra Scheme?

Kisan Vikas Patra (KVP) is a government scheme of the post office, which assures investors that they will double their money. If you invest money in this scheme today, then your investment will double in 115 months, i.e., about 9 and a half years. The special thing is that you do not need much money to start investing in it. You can start investing in this scheme with just Rs 1000. And yes, there is no maximum investment limit in this scheme, that is, you can invest as much money as you want.

How much interest do you get?

In the Kisan Vikas Patra scheme, you get an interest rate of 7.50 percent, which is given on an annual basis. The maturity period of this scheme is 115 months. That is, if you invest money in it, then after 9 and a half years, your money will come back to you doubled. For example, if you invest Rs 1 lakh, then after maturity, you will get Rs 2 lakh. Similarly, if you invest Rs 5 lakh, then on maturity, you will get Rs 10 lakh. This scheme is special for those who want a safe investment for a long time.

There is also a special facility for children.

Another feature of this scheme is that you can also invest in it for your children. If your child is more than 10 years old, then you can also open a Kisan Vikas Patra account in their name. This can be a great way to save for the future of children. The money in this scheme is completely safe, because it comes with the guarantee of the government.

Why is this scheme special?

The biggest feature of the Kisan Vikas Patra scheme is its simplicity and security. There is neither any risk nor a complicated process in it. You can easily start investing in this scheme by going to your nearest post office. Also, there is flexibility regarding the investment amount, which makes it attractive for every section. Whether you start with a small amount or invest a large amount, this scheme is perfect for you.

How to start investing?

It is very easy to start investing in Kisan Vikas Patra. You just have to go to your nearest post office. There, you have to submit some important documents like Aadhar card, PAN card, and address proof. After this, you can invest from Rs 1000 to as much as you want. After investing, you will get a certificate, which will be proof of your investment. After maturity, you can easily withdraw your money.

Who is this scheme for?

This scheme is for every person who wants good returns in the long term while keeping his money safe. Especially for those who want to avoid risky investments like stock market or mutual funds. Also, it is best for those parents who want to start saving for their children's future from now on.

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