Post Office Scheme: In this scheme of Post Office, the investment amount gets doubled, on maturity you get double the money..

Whenever it comes to investment, FD is given priority in secure investment options. Now a secure investment option also includes the Post Office Small Saving Scheme. It also provides guaranteed returns along with security. If you are also looking for a scheme with a secure option for investment in which you get high interest, then you should once pay attention to Kisan Vikas Patra. There is a guarantee of doubling the investment amount in this scheme.

This means that if you invest Rs 10 lakh in this scheme, then after maturity you will get double profit i.e. Rs 20 lakh.

In how much time does the money double

In this scheme, there is a guarantee of doubling the money after 115 months (9 years, 7 months). Currently, this scheme is getting 7.5 percent interest. This interest is calculated on an annual basis. The special thing about this scheme is that the investor can start investing with just Rs 1000 and there is no maximum limit for investment. Apart from this, you can open any number of bank accounts for this scheme.

About Kisan Vikas Patra Scheme
This scheme was started in the year 1988. The objective of this scheme was to double the investment amount of farmers. Initially, this scheme was only for farmers but later anyone can invest in it. Now a joint account can be opened along with a single account in this scheme. Along with this, an account of a child above 10 years of age can also be opened.

To open a child's account, the parent has to submit an Aadhaar Card, age certificate, passport-size photo, KYP form, etc. Along with the child's Aadhaar card, the parent's Aadhaar card also has to be submitted.

At present this scheme is only for Indian citizens. NRIs are not eligible for the scheme.