Kisan Vikas Patra Scheme: In today’s uncertain stock market, many investors are worried. In such an environment, most people look for investment options where their money is completely safe and the returns are guaranteed. If you also want to keep your savings safe and double them in a few years while avoiding risk, then the Post Office’s Kisan Vikas Patra scheme could be a good option for you.

Kisan Vikas Patra is a savings scheme run by the central government, so the invested amount is fully guaranteed by the government. It is a fixed-income scheme where your money automatically doubles upon maturity. This is why this scheme has remained popular among investors for a long time.

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What is the interest rate on the KVP scheme?

Kisan Vikas Patra is especially for those who want to stay away from the stock market or other risky investments. Currently, this scheme offers an annual compound interest rate of 7.5 percent. At this interest rate, the invested amount doubles in approximately 115 months, or about 9 years and 7 months. If you invest ₹1 lakh in Kisan Vikas Patra today, you will receive a full ₹2 lakh upon maturity.

How much can you invest?

The KVP scheme allows investments starting from just ₹1,000. There is no maximum investment limit, meaning you can invest any amount according to your needs and capacity. This is why this scheme is considered suitable for both small and large investors.

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Who can open an account?

Both single and joint accounts are available for opening a Kisan Vikas Patra account. In a joint account, two or three adults can invest together. Parents can also open this account in the name of their minor child and create a secure fund for the future.