Post Office KVP Scheme: Under the Post Office’s Kisan Vikas Patra Scheme, the Government of India guarantees your investment, so that you do not have to bear the risk of sinking money. There is facility to invest in KVP either singly or jointly.
Post Office KVP Scheme: If you want to invest your money in such a place, from where you can get double money, that too without risk, then this news is of great use to you. Kisan Vikas Patra is the only government scheme which doubles the money with guarantee. You get double money back by investing under this post office scheme. You can buy Kisan Vikas Patra (KVP) from your nearest post office.
Money doubles fast
You can invest from a minimum of Rs 1000. There is no limit to the maximum investment in this. At present, interest is being given at the rate of 7.5 percent on Kisan Vikas Patra. Interest is calculated on this in compound form. Under this scheme, you have to invest in multiples of Rs.100. According to the post office, according to the interest rate available at this time, investors’ money doubles in 115 months i.e. nine years and 7 months.
Any person can buy any number of KVP
Kisan Vikas Patra is given as a certificate. You can buy KVP certificates for small amounts as it would be easy to redeem them prematurely if needed. In this KVP can also be invested in the name of children above 10 years of age.
This facility is also available in KVP.
These certificates can also be mortgaged if there is a need for money. Due to this work is also done on need and your amount is doubled and you get it back. The interest of KVP changes every three months, but when the investor buys them, the interest at that time is available till maturity.
