Government schemes that double the money, millions of rupees will be made in a few months, know what is KVP scheme
Post Office Kisan Vikas Patra Scheme: Everyone wants to double their investment. For this, many types of schemes are also going on in the market, but they also carry risks. In such a situation, investing in a safe place is also very important. The Kisan Vikas Patra (Kisan Vikas Patra- KVP) of the Post Office is a government scheme, where money can be doubled by guarantee. Investing here guarantees better returns. The best thing is that the scheme is run by the government itself. In such a situation, there is no fear of sinking money.
Money will double in a few months
In Kisan Vikas Patra Yojana, you can double your money in a few months. In this plan, the money will double in 124 months. Its interest rate has been fixed at 6.9 per cent till the second quarter of 2021 i.e. 30 September. If you invest a lump sum amount of Rs 1 lakh in this scheme, you will get Rs 2 lakh in return on maturity.
Benefits of the scheme
You get many facilities in Kisan Vikas Patra Yojana. This is a one time deposit investment scheme. The specialty of this scheme is that in this you get the facility to double the money with a guarantee. You can roast it after two and a half years. Apart from this, the scheme can also be transferred to another post office. Nomination facility is also available in Kisan Vikas Patra Yojana.
Who can invest?
After 18 years, one can invest in Indian Kisan Vikas Patra Yojana. The special thing is that in this scheme you also get the facility of single account and joint account. However, minors can also apply in this scheme, but they will have to be supervised by the guardian.