In the Kisan Vikas Patra scheme of the Post Office, your money will be doubled!
If you want to create a big fund with a small investment, then the Kisan Vikas Patra scheme can be beneficial for you.
If you are looking for a risk-free investment option, then you can invest in the Kisan Vikas Patra Scheme (KVP) of the post office.
KVP scheme is best for long-term investment. In this, your deposited money will always be completely safe.
The KVV scheme of the post office claims to double the amount deposited in 10 years and 4 months (124 months).
On the Kisan Vikas Patra (KVV) of the post office, you get a compound interest of 6.9 percent annually.
Investment in KVP is made in the form of certificates up to Rs 1000, Rs 5000, Rs 10,000, and Rs 50,000.
Any Indian person whose age is more than 18 years can open his account in Kisan Vikas Patra. There is no upper age limit.
In KVP, a KVP certificate can also be bought in the name of a minor. NRI is not eligible for Kisan Vikas Patra.