Post Office Kisan Vikas Patra Scheme is an excellent option for those looking for safe 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.
There are many options available for investment today, but most of the 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 scheme guarantees to double your money in 115 months (9 years and 7 months).
Features of the scheme
Assured returns: The KVP scheme currently offers 7.5% annual interest. At this rate, your investment will double in 115 months.
Minimum and maximum investment: You can start investing in this scheme from Rs 1,000, and there is no maximum investment limit. 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.
- Aadhar card
- Age Certificate
- Passport size photo
- KVP Application Form
Any adult individual, whether single or in a joint account, can open this account. Children above 10 years of age can also open an account in their name. However, NRIs are not eligible for this scheme.
Premature withdrawal facility
If you need the money before the completion of the investment period, you can withdraw it after 2 years and 6 months of opening the account. Premature withdrawal is allowed under special circumstances, such as death of the account holder or on court order.
Why choose KVP?
100% Government Guarantee: There is no risk to your money. Long Term Benefit: This scheme gives investors double returns in a fixed period. Simple Process: The process of opening and running a KVP account is simple.
Post Office Kisan Vikas Patra Scheme is an excellent option for those looking for safe 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.
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