Money can double in just a few months
If you invest Rs 1 lakh, you will get Rs 2 lakh on maturity
Anyone can open a certificate in KVP
A new scheme has been launched by the post office through which you can double your money in just a few months. It reduces risk as well as saves money. Let it be known that many new schemes are being run for the customers from the post office. Post Office Kisan Vikas Patra is one of them. Under this scheme you can double your money in 124 months.
Let me tell you that Kisan Vikas Patra is a one time investment scheme of the Government of India. Under which your money doubles within a fixed time limit. You can get it from any post office and government banks in the country.
How much interest will you get?
The interest rate for KVP has been fixed at 6.9 per cent in the first three months of FY2021. Where your investment will double in 124 months. If you invest Rs 1 lakh, you will get Rs 2 lakh on maturity.
What is the minimum investment?
You have to invest at least a thousand rupees in this scheme. There is no time limit for further investment. Which is given in the form of a certificate. In which certificates up to Rs.1000, 2000, 5000, 10000 and 50000 are given. In it you get a guarantee from the government.
Who can open an account?
Anyone can open a certificate in KVP. A maximum of three adults can open a joint account together. Minors over the age of 10 can buy. In addition, a parent can buy it from a minor to an adult and a disabled person.
How to open an account?
You have to go to the post office for Kisan Vikas Patra scheme. The petitioner should have an identity card such as Aadhaar card, pen card, water ID card, driving license and passport. You can open both single and joint accounts in this scheme. There, parents can also open an account for their children.
What is so special about this scheme?
There is a single dollar type certificate. You can buy it for yourself or for a minor.
You can also take a joint account certificate, which means it is given to two adults in a joint form. Both holders will benefit from it or whoever is alive
Joint B Account Certificate is given jointly to these two adults. Payment is made to either of the two or to the survivor.