If you want to invest in a safe place by not investing money in the stock market, then this article is for you. Today we are going to discuss one of the popular post office schemes, where you invest money and your money will be doubled back after some time.
KVP Scheme of Post Office
Post offices run Recurring Deposit (RD) and Kisan Vikas Patra (KVP) schemes. In this, money is deposited every month in the Recurring Deposit Scheme, and a lump sum amount is deposited in the Kisan Vikas Patra. We have brought information about the Kisan Vikas Patra Scheme for you, in which a double amount of the amount deposited on maturity is available
In how many months does the money double?
A lump sum amount has to be deposited in the KVP scheme. In which you can deposit a minimum of Rs 1000 and a maximum of Rs 50,000. There is a lock period for 2.5 years in this scheme, and this scheme is completed in 115 months, i.e., 9 years, 7 months.
Returns of 7.5 percent
Post Office’s Kisan Vikas Patra scheme gets a return of 7.5 percent. In which the amount deposited in 115 months becomes equal to dust double. If you are afraid to invest money due to the fall of the stock market, then you must invest in this scheme. This scheme was started in 1988. To invest in Kisan Vikas Patra, one should be at least 18 years old. KVP can be transferred from one post office to another or from one person to another.
Sweta Mitra
Working in the media for last 7 years. The journey started in the year 2018. For the past few years, my working experience has been in Bengali media. Currently working at Timesbull.com. Here I write like Business, National, and Utility News. My favorite hobbies are listening to music, traveling, food,...
