Today, people think of investing in such a scheme, where strong returns are available. We are going to tell you about such a scheme, which gives strong returns. The money invested in this scheme gets doubled. This scheme is a special scheme of the post office, which gives guaranteed returns.
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The name of this money-doubling scheme is Kisan Vikas Patra (KVP), in which interest is available at the rate of 7.5 percent. In this, a lump sum amount has to be invested, and the money will double within the stipulated period.
Rules for opening an account in Kisan Vikas Patra (KVP)
You can open an account in the KVP scheme by going to any nearest post office. In this, an account can be opened both single and joint. In this scheme of a post office, three people can open a joint account together. If you want, this account can be closed after 2 years and 6 months.
In how much time does the money double?
You can start investing in Kisan Vikas Patra Yojana (KVP) with a minimum of Rs 1000. There is no maximum investment limit. It gives interest at the rate of 7.5 percent per annum. If you invest in this scheme for 115 months, i.e., 9 years and 7 months, the money doubles.
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Make 10 lakh rupees from 5 lakhs
If you invest Rs 5 lakh in KVP, then you get a return of 7.5 percent per annum. This investment has to be made for 115 months, and it will double. That is, it will become 10 lakh rupees in 9 years and 7 months. If you invest Rs 6 lakh in a lump sum, then this amount will become 12 lakh.