There are many options available for investment today, but most options involve risk. In such a situation, for those who want 100% security and guaranteed returns on their investment, the Kisan Vikas Patra (KVP) scheme of the post office is an ideal option. This plan guarantees to double your money in 115 months (9 years and 7 months).
Assured Returns: At present 7.5% annual interest is available in KVP scheme. At this rate your investment will double in 115 months.
Minimum and maximum investment:In this scheme you can start investing from Rs 1,000, and there is no limit on maximum investment. This flexibility makes it suitable for both small and large investors.
Documents and Eligibility:The following documents are required to open an account in KVP scheme.
Any adult person, whether single or joint account, can open this account. Children above 10 years of age can also open an account in their own name. However, NRIs are not eligible for this scheme.
If you need money before the completion of the investment period, you can withdraw it after 2 years and 6 months of account opening. Premature withdrawal is allowed in special circumstances, such as death of the account holder or court order.
100% Government Guarantee: There is no risk of any kind to your money.
Long Term Benefits: This scheme gives double returns to investors in a fixed period of time.
Spontaneous Process: The process of opening and operating a KVP account is simple.
Post Office's Kisan Vikas Patra Scheme is a great option for those looking for secure and stable returns. It is ideal for those who want to grow their money without risk. If you are also looking for a safe investment option, then Kisan Vikas Patra can be your priority.
