new Delhi. For a better future, everyone wants to invest his savings in a place where his money is safe. Although there are many schemes to double the money in the market, but most investors prefer to take government policies. If you are also one of these, then the Post Office Kisan Vikas Patra (Kisan Vikas Patra) will be beneficial for you. In this, your money can double in 124 months. The good thing is that the scheme is run by the government itself. In such a situation, there is also complete guarantee of money security.
What is Kisan Vikas Patra Scheme
The Kisan Vikas Patra Yojana is being implemented to encourage long-term investment and savings. The minimum investment is Rs 1000, while there is no limit for maximum investment. In this scheme the investor is given a guaranteed double return. Also, it is safe for investment, there is no fear of sinking money in it. KVP certificates can be taken from your nearest post office.
Documents required for investment
For investment in Kisan Vikas Patra Scheme, the applicant must have identity proof, Aadhar card, PAN card, Voter ID card, driving license, passport, KVP application form and address proof. Also, he should be at least 18 years of age. These accounts can be opened both by Sigal and Joint. Parents will have to manage the account if you want to open it in the name of your child.
Learn how you will benefit
6.9 per cent interest is being given on the KVP scheme at this time. In this case, if you invest 10 lakh rupees, then after 124 months you will get 20 lakh rupees on maturity. To open an account, fill the KVP form and submit it to your nearest post office. Fill the amount of purchase amount, your full name and other details in the form. Also opt for KVP single or joint ‘A’ or joint ‘B’ membership.