KVP Money Double: Kisan Vikas Patra is a post office-run central government scheme that offers you assured income, guaranteed returns and the option to take a secured loan. Under this scheme, you get 7.5 percent interest and you can start your investment journey with as little as Rs 1,000.
KVP Money Double: You will find many investable resources in the market to earn money. At the same time, if you are looking for a very good scheme, in which you can get good interest on long term investment, then Kisan Vikas Patra (Kisan Vikas Patra-KVP) can prove to be a good option. This is considered a savings scheme of the post office. The most important thing is that the amount invested in it doubles in 115 months.
Who can open KVP account?
Under Kisan Vikas Patra Yojana, any adult person can open an account either alone or along with someone. Apart from this, children above 10 years of age can also open KVP account in their own name. Apart from this, parents of a minor or mentally unstable person can also open an account.
Start investing from Rs 1000
A minimum investment of Rs 1,000 and Rs 100 can be made in Kisan Vikas Patra Scheme. Note, its special thing is that you can invest as much money as you want in KVP and there is no limit on opening an account.
The investment amount will double in 115 months
KVP offers you 7.5% interest. By investing in this scheme, your amount will double in 115 months. This means that if you invest Rs 1 lakh, you will get Rs 2 lakh after 115 months, whereas, if you deposit Rs 10 lakh in KVP account, it can be converted into Rs 20 lakh.
