Deposit ₹ 10 lahks and get a fixed interest of ₹ 10 lakh, know the name of this government scheme

Best investment schemes: The central government is running many types of schemes to give financial security to the common people and make them financially strong. Today we are going to tell you about a scheme in which you can get a huge return by investing. Yes, we are talking about Kisan Vikas Patra i.e. KVP. KVP is a government scheme, which is run by the post office. Let us tell you that the post office comes under the central government, that is, the investment made in this scheme is completely safe.

The government is giving 7.5 percent interest on the Kisan Vikas Patra scheme. Currently, 7.5 percent interest is being given on the Kisan Vikas Patra. Under this scheme, your investment keeps compounding on an annual basis. Lump sum investment is made in the Kisan Vikas Patra scheme. In this scheme, you can open an account with a minimum investment of Rs 1000. While there is no limit on maximum investment in it. You can deposit as much money as you want in multiples of Rs 100. The Kisan Vikas Patra scheme matures in 115 months (9 years and 7 months). The most special thing about this scheme is that your investment doubles directly on maturity.

If you deposit Rs 10 lakh, you will get a total of Rs 20 lakh on maturity.

For example, if you deposit Rs 10 lakh in this scheme, you will get Rs 20 lakh directly on maturity. This 20 lakh rupees includes 10 lakh rupees of your investment and 10 lakh rupees of interest. Let us tell you that there is no risk of any kind in this scheme and your money will be completely safe. Under this scheme, you can open a single account. Apart from this, a joint account can also be opened it, in which names of a maximum of 3 people can be added. Not only this, if you want, you can also open an account in this scheme in the name of your child.

Disclaimer: This content has been sourced and edited from indiatv.in. While we have made modifications for clarity and presentation.