KVP- Whenever it is safe Investment and if there is a strong return then it should come to you first Post Office. These include the schemes (Post Office Scheme) being run by the government. The most important scheme among these is the Post Office Small Saving Scheme Kisan Vikas Patra i.e.K.V.P. Scheme, which doubles the investors’ money in just 115 months.

The most special thing about this scheme is that the government itself guarantees the safety of the investors’ money. The money deposited in KVP doubles in 115 months at an interest rate of 7.5%. If this is considered in terms of years, then the money doubles and is returned in 9 years and 7 months. Let us know about this government scheme in detail here.

Money doubles in 115 months

According to the website of India Post Dak Sewa Jan Sewa, under the Kisan Vikas Patra scheme, you can invest at least Rs 1000 in multiples of 100. The special thing is that there is no maximum investment limit in it. This simply means that you can invest as much money as you want. The biggest thing about this scheme, which makes it especially popular, is that by investing in it, the money doubles in just 115 months.

Who can buy KVP?

According to the report, any adult can buy KVP in his own name or in joint names. However, there is another facility in KVP that it can be bought jointly in 3 names. Apart from this, KVP can also be bought in the name of a child above 10 years of age. Generally, the money deposited in KVP is returned doubled after 115 months. But if necessary, the money can be withdrawn after 2 years and 6 months. Apart from this, if a person wants, KVP can also be transferred from one post office to another.

Under all the Post Office Saving Schemes, the government determines the interest on a quarterly basis. Currently, investors are being given an interest rate of 7.5 percent on their investments. This interest is issued on an annual basis. It should be noted that an account can be easily opened in this Govt Scheme in the name of a child above 10 years of age.

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