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Post Office Scheme: Money will double in 124 months, know how to get benefit

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Investment in Kisan Vikas Patra of India Post, Post Office is done in a lump sum manner. Which gives a return of about 7 percent. With the benefit of compounding, your investment will almost double in 10 years 124 months.





Well, there are many such schemes, mutual funds and schemes that claim to double your investment. There is a similar scheme of the post office, whose name is Kisan Vikas Patra. The special thing is that in this scheme, your rupee becomes double in 124 months. Which gives an annual return of 6.9 percent. The minimum investment limit of this scheme is Rs 1000. This scheme can be invested in any branch of the post office. Anyone can invest in this scheme in the name of farmers.

Who can invest in this scheme

Any Indian can invest in KVP, but his age must be 18 years. There is no age limit for those investing in this scheme. Under this scheme, parents can also open accounts in the name of their minor children. NRIs cannot invest in this scheme. Investors get 6.9 per cent interest in Kisan Vikas Patra, which is also compounded on an annual basis.




Can withdraw prematurely, but

Farmers investing in Vikas Patra can withdraw their money even before maturity. If you withdraw money within one year of investment, then no interest will be paid to you. In addition, investors will also be fined. On the other hand, if you return the KVP certificate between one and a half to two and a half years, then you will not have to pay the fine.

Account opening method and documents

  • You have to go to the post office to open the account.
  • To open this account, you must have ID card like Aadhar Card, PAN Card, Voter ID Card, Driving License and Passport.
  • In this scheme, both single and joint can be opened.
  • Parents can also open an account for their young child.

Features of Kisan Vikas Patra


  • Kisan Vikas Patra is a one time investment scheme.
  • The maturity tenure of Kisan Vikas Patra is 124 months.
  • One can start investing in the scheme with Rs 1000. There is no maximum investment limit.
  • Certificates up to Rs 1000, Rs 5000, Rs 10,000 and Rs 50,000 are available in Kisan Vikas Patra.
  • PAN card is mandatory for investments above Rs 50,000.
  • If you invest 10 lakhs or more, then you will also have to submit income proof, which includes ITR, salary slip and bank statement.
  • In this scheme, tax exemption is not available under section 80C of Income Tax, but there is no tax on withdrawal after maturity.
  • You can withdraw the amount on maturity, but it has a lock-in period of 30 months.
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