Post Office Scheme / Double return is guaranteed in this post office scheme, you will get 20 lakhs for 10 lakhs

Post Office Scheme: If you want to keep your money completely safe and at the same time want to see it grow rapidly, then Kisan Vikas Patra (KVP) can be a great option for you. This Government of India-backed scheme not only ensures the safety of your investment, but also promises to double your money with a fixed interest rate.

For example, if you invest Rs 10 lakh in this scheme, then in about 115 months (ie 9 years 7 months) this amount will become Rs 20 lakh. Let us understand the complete information of this scheme and its mathematics in detail.

How does your money double?

The biggest feature of Kisan Vikas Patra is its compounding interest. This means that the interest you get every year gets added to your principal, and the next year's interest is available on this increased amount.

Understand with an example:

• Suppose, you invested Rs 10,00,000.
• At the end of the first year, you will get interest of Rs 75,000 at an interest rate of 7.5%.
• This interest will be added to your principal, i.e. now your investment will become Rs 10,75,000.
• Next year interest will be received on this Rs 10,75,000, and this process will continue continuously.
• In this way, in 115 months (9 years 7 months) your investment will double to Rs 20,00,000.
• Who can open a KVP account?

This scheme is available to every Indian citizen. Whether you are:

• a salaried person,
• a businessman,
• a housewife, or
• a retired person,

Everyone can invest in this scheme.

Apart from this, parents can also open a KVP account in the name of their children above 10 years of age. This scheme is a safe and reliable savings instrument for every member of the family.

Start with low investment, big benefit

Investment in Kisan Vikas Patra can be started with just Rs 1,000. Its biggest feature is that there is no upper limit on investment in it. That is, you can invest as much as you want according to your capacity.

Along with this, a person can also open more than one KVP account. This allows you to better manage your savings by dividing them into different accounts.

Completely safe and reliable

Kisan Vikas Patra is a government scheme, so investing in it is completely safe. There is no risk of fluctuation on your money like the stock market or other risky investment options. It is ideal for those who:

Prioritize the safety of their investment,

Want fixed returns.

However, the interest received from this scheme is not eligible for tax exemption under Section 80C of Income Tax. Still, its guarantee and stability make it a reliable and attractive investment option.

Why choose Kisan Vikas Patra?

• Minimal risk: Your money is completely safe due to government backing.
• Attractive returns: Investment doubles in a fixed time.
• Flexibility: Suitable for all, from small amounts to large investments.
• Easy process: An account can be opened easily by visiting the post office.