Post Office Kisan Vikas Patra: Every investor wants his money to be double. There are many schemes in the market where you can double the money by investing. But, there is a risk of sinking money in all these. In such a situation, it is necessary to invest in the right scheme and right place. We are telling you about a scheme where your guaranteed money will double. The best thing is that the scheme is run by the government itself. In such a situation, there is also a complete guarantee of money security. We are talking about the post office Kisan Vikas Patra (Kisan Vikas Patra- KVP) scheme, here you get a guarantee of better return on investment.
Money will double in 124 months
Explain that your investment in Post Office Kisan Vikas Patra Yojana 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.
Get many facilities
You get many facilities in Kisan Vikas Patra Yojana. You can roast it after two and a half years. Apart from this, the scheme can also be transferred to other post offices. 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 looked after by the guardian.