Post Office's KVP Scheme is making waves, investment amount doubles in just 115 months!
Post Office KVP Scheme: The government is running various schemes for the farmers, providing loans at low-interest rates so that they do not face any kind of problem. The name of one such scheme is Kisan Vikas Patra (Kisan Vikas Patra- KVP). This scheme is being run by the post office. If you also want good interest in long-term investment then this scheme is best for you. Its special thing is that by investing in this, your money will double in 115 months.
In the present time, everyone wants to earn more money, but people do not want to take risks. In such a situation, if you are looking for a scheme in which you can get good interest on long-term investment, then you can invest in the Kisan Vikas Patra Scheme of the Post Office.
Under this scheme, your investment will double in 115 months. If you also want to double your money then you can invest in KVP i.e. Kisan Vikas Patra. Kisan Vikas Patra is a good option for you for long-term investment and double earning.
Benefits of investing in KVP? (Post Office KVP Scheme)
Kisan Vikas Patra Yojana is not affected by the fluctuations of the stock market.
The post office scheme has a government guarantee, so you don't have to worry about whether you will get returns or not.
KVP account can be opened in any post office.
KVP account matures in 115 months, but you will continue to get interest till the money is withdrawn from the account.
You can take a secured loan through KVP.
Double the investment amount in 115 months
Interest is given at the rate of 7.5 percent per annum on the KVP account. By investing in this the amount will double in 115 months. This means that if you deposit Rs 10 lakh in the KVP account, then after 115 months this amount will become Rs 20 lakh.
Investment starts from a minimum ₹1000
Let us tell you that a minimum investment of Rs 1000 and multiples of Rs 100 can be made in the Kisan Vikas Patra Scheme. Its special feature is that you can invest as much money as you want in KVP and there is no limit on opening an account. You can also transfer your KYP account.
Eligibility to open a KVP account?
Under the Kisan Vikas Patra Yojana (KVP), any person can open a single or joint account. Apart from this, children above 10 years of age can also open a KVP account in their name. Parents can also open an account on behalf of a minor or a mentally weak person.
Documents (Documents for KVP Scheme)
Aadhar card,
age certificate,
passport-size photo,
KVP Application Form etc.
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