If you want to double the amount of investment, then the post office Kisan Vikas Patra (KVP) scheme may be a better option for you.
In this era of Corona era, investors do not understand where to invest. So, today we are going to tell you something in which there is no risk in investing. The name of this scheme is Kisan Vikas Patra (KVP). Investors can invest money in the post office i.e. Kisan Vikas Patra (KVP) savings scheme of the post office. The KVP of the post office is currently getting 6.9 percent interest annually.
If you want to double the amount of your investment, then KVP is the perfect option. Kisan Vikas Patra (KVP) is a type of certificate. It is issued in certificate form like a bond. Whichever person can buy. Under the KVP certificate scheme, you can invest in any post office. Under this scheme, the rate of interest is fixed every quarter.
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The government keeps revising the interest rate from time to time. There is no maximum investment limit for this scheme starting from Rs 1,000. You can invest any amount in it.
You must be 18 years of age to invest in Kisan Vikas Patra (KVP). Adults can buy it in their own name or in the name of a minor. It also has the facility of joint account. If you are investing more than 50 thousand rupees in KVP, then you will need a PAN card. At the same time, if you invest more than 10 lakh, you have to tell the source of income. If you want to withdraw your investment, then you have to wait 2.5 years.
