If you are looking for a risk-free investment option, then the Post Office Kisan Vikas Patra (KVP) scheme can be the perfect and best for you. It comes with a 100% government guarantee, which keeps your money completely safe. There are chances of money doubling in this scheme. Currently, it has an annual interest rate of about 7.5%. So let's know about this scheme that doubles the money.
Get guaranteed double returns from Post Office Kisan Vikas Patra!
If you want a risk-free investment, then the Post Office Kisan Vikas Patra (KVP) scheme is going to be the best option for you. This scheme guarantees doubling the money in 115 months (9 years 7 months).
Annual interest in KVP scheme
The Post Office Kisan Vikas Patra (KVP) scheme offers about 7.5% annual interest, which doubles your investment in just 115 months (9 years 7 months). This government scheme is a great option for safe, guaranteed, and excellent returns.
Minimum investment in KVP scheme
You can start investing in the Kisan Vikas Patra (KVP) scheme of the post office from ₹ 1,000, while there is no limit on the maximum investment. This flexibility makes it the best and safest option for both small and big investors.
Documents and eligibility for the KVP scheme
The required documents for this are an Aadhaar card, age certificate, passport-size photo, and KVP application form. Any adult (alone or in a joint account) can open an account. Children above 10 years of age can also open an account in their name.
Calculation of double fund
The interest rate on this scheme is currently around 7.5 percent per annum. If you invest ₹ 5 lakh in it, you will get double the fund. That is, if you invest 5 lakh rupees for 115 months, your total fund will go up to 10 lakh rupees on maturity. About 5 lakh in this is going to be interest only.
Why choose KVP?
This is a 100% government-guaranteed scheme in which you can make safe investments without any risk. Also, your money doubles in just 115 months. If you want guaranteed returns, then this scheme can be your priority.
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