Post Office Scheme: The last time Sensex made a record high in the stock market was on 27 September, on this day Sensex reached a record high of 85,922 points. At the same time, Nifty made the last record hike of 26,166 points on 27 September.

Since this record hike, there has been a continuous decline in the Sensex and Nifty. According to the report of TOI, investors have lost Rs 48.5 lakh crore in this decline. In such a situation, if you want to invest in a safe place instead of investing in the stock market, then we have brought a post office scheme for you.

KVP Scheme of Post Office

Recurring Deposit (RD) and Kisan Vikas Patra (KVP) schemes run in the post office. In this, money is deposited every month in the Recurring Deposit Scheme and a lump sum amount is deposited in Kisan Vikas Patra. We have brought information about the Kisan Vikas Patra Scheme for you, in which double the amount of the amount deposited on maturity is available.

In how many months does the money double?

A lump sum amount has to be deposited in the KVP scheme. In which you can deposit a minimum of Rs 1000 and a maximum of Rs 50,000. This scheme has a lock period of 2.5 years and this scheme is completed in 115 months i.e. 9 years and 7 months.

A 7.5 percent return is available

The Kisan Vikas Patra scheme of the post office gives a return of 7.5 percent. In which the amount deposited in 115 months becomes double. If you are afraid to invest money due to the fall in the stock market, then you must invest in this scheme. This scheme was started in 1988. To invest in Kisan Vikas Patra, one must be at least 18 years of age. KVP can be transferred from one post office to another or from one person to another.