New Delhi Post Office KVP Scheme: At present, everyone wants to invest their earnings in the right place. There are many such options available in the market. In which returns are available without any risk. The guaranteed and safe scheme being run by the Baharal government is being run by the post office. It was always the first choice of the people. The name of this scheme is Kisan Vikas Patra. In this scheme, investors can get double the amount in a fixed period.
You will get double amount in KVP
Let us tell you that in this financial year, the interest rates of the small savings scheme of the post office have been increased. Under this, the interest on Kisan Vikas Patra has been increased from 7.2 per cent to 7.5 per cent. That means you will get double return. Kisan Vikas Patra is a one-time investment scheme run by the government of the country. This scheme is offered for investment in all post offices and big banks of the country.
Money will double in Kisan Vikas Patra
At the same time, if you invest up to Rs 5 lakh in this scheme, then you get interest at the rate of 7.5 percent in a year. You can invest in this scheme for 115 months. After which you get 10 lakh rupees on maturity.
Special features of KVP scheme
KVP scheme is specially made for the farmers. This will help the farmers to save their money on long term basis. There is a minimum investment of Rs 1000 in the scheme. While there is no limit on the maximum investment. Anyone can open accounts under this scheme. If the account is single and 3 adults together can open a joint account. Nominee facility is also available in this. Children above 10 years of age can open KVP account in their own name.
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