KVP Double Money Scheme Investing in Kisan Vikas Patra Yojana will double your money, know interest and details 2023

KVP Double Money Scheme: Investing in the post office’s small savings scheme Kisan Vikas Patra doubles your money. Investment in the scheme can be started from just Rs 1000. If you are one of those investors who do not want to take the risk of stock market and want to double their money,

then there is a plan for you too. The safety of your money deposited in this particular scheme is also guaranteed. Yes, we are talking about the post office small savings scheme Kisan Vikas Patra (Post Office Kisan Vikas Patra Scheme). This scheme will fully live up to your expectations, provided you keep investing.

KVP Double Money Scheme

Who can invest

In the Post Office Kisan Vikas Patra Scheme (Post Office Kisan Vikas Patra Scheme), investment can be made personally in the name of a minor. Two adults can also open a joint account together. Investment in Kisan Vikas Patra (KVP) has to be started from at least 1000 rupees. There is no maximum investment limit in this.

KVP Double Money Scheme: In what time the money doubles

According to the information given on the post office website, if the investor stays full time in the Kisan Vikas Patra Scheme (Post Office Kisan Vikas Patra Scheme), then the money doubles in 124 months. You get compound interest on investment in Kisan Vikas Patra (KVP Investment) in the post office. At present, 6.9% interest is received on investment in this scheme.

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Account can also be transferred

If you want, you can also transfer your Kisan Vikas Patra Account (KVP Account) from one post office branch to another branch. Even the KVP (Post Office Kisan Vikas Patra Scheme) can also be transferred from one person to another. Nominee facility is also available in this. Kisan Vikas Patra (KVP) can be purchased from any post office across the country.

when can redeem

The maturity (lock-in) of Kisan Vikas Patra (KVP) can be redeemed after 30 months i.e. after two and a half years from the date of issue of KVP (Post Office Kisan Vikas Patra Scheme) certificate.

keep these documents ready

An account is opened for investment in Kisan Vikas Patra Yojana (Post Office Kisan Vikas Patra Scheme). For this you will need Aadhaar Card, Residential Proof, KVP Application Form, Age Proof, Passport Size Photo and Mobile Number. Kisan Vikas Patra (KVP) is made available by the post office on behalf of the government.