Many types of small savings schemes are running in the post office. These schemes are giving tremendous benefits to investors and are quite famous among the people. Kisan Vikas Patra Yojana is also included in these. In this scheme, investors' money is guaranteed to be doubled. If you are also planning to invest in post office, then Kisan Vikas Patra can prove to be a good option for you. More than 7 percent interest is being given on this scheme.

People always look for safe investments. They save some of their earnings and invest it in a place where their money will be safe. Along with this, tremendous returns were also received. Small savings schemes for post offices are proving to be a good option. An excellent interest of 7.5 percent is being given in the Kisan Vikas Patra Scheme.

You can invest from Rs 1000 in this great scheme of post office. There is no limit on maximum investment in Kisan Vikas Patra Scheme. You can invest as much as you want in this scheme and take benefits.

You can invest in multiples of Rs 100 starting with Rs 1,000. The most important thing is that you can also invest in this scheme by opening a joint account. The nominee facility is also available in Kisan Vikas Patra. In this, children above 10 years of age can also open a KVP account in their name.

Money will double in this number of days
To double your money in this scheme, you will have to invest for 9 years and 7 months. If you invest Rs 1 lakh in Kisan Vikas Patra Yojana for 115 months, then during this period this money will become Rs 2 lakh. If you invest Rs 5 lakh in this scheme, you will get Rs 10 lakh.

According to the information given on the post office website, interest on the amount invested in Kisan Vikas Patra is calculated based on compounding. This means that in this you also get interest on interest. Earlier this scheme used to take 132 months. Earlier this year, i.e. in January 2023, the government had reduced the tenure to 120 months, and a few months later, to provide further benefits to investors, the tenure was reduced to 115 months.
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(PC: iStock)