Post Office Schemes 2025: The Post Office Kisan Vikas Patra scheme guarantees doubling of your money. Investments are possible with just ₹1,000, and the money is 100% safe. It also offers 7.5 percent compound interest…
Post Office Schemes 2025: If you’re looking for a scheme that will double your money, your search is about to end today. We’ve brought you a scheme that will guarantee a guaranteed doubling of your money. Investors’ money is 100% secure, and you can invest as little as ₹1,000. Let’s find out what this scheme is.
What is the name of this money-doubling scheme?
This scheme, available at post offices, is called Kisan Vikas Patra. Any Indian can open a Kisan Vikas Patra account, and up to three people can open a joint account. However, joint accounts can be opened in two ways.
Joint A-: To operate this type of account, all account holders (depositors) must sign or consent together. If one person dies, the remaining members can manage it together.
Joint B-: This allows any one account holder to use the account. This means there’s no need for everyone to come together. If one depositor dies, the remaining members can manage it individually.
How much interest do you earn?
The Kisan Vikas Patra account offers a compound interest rate of 7.5%. You can invest as little as Rs 1,000 in this scheme. The most important feature of this account is that you can close it prematurely.
What is Kisan Vikas Patra?
KVP is a small savings scheme of the Government of India. It was launched in 1988 and later relaunched in 2014. Its purpose is to encourage people to make long-term savings and secure investments. You can purchase KVP from post offices and public sector banks. This scheme is available to every Indian citizen. Joint accounts can also be opened under this scheme, and an account can also be opened in the name of a minor, which can be operated by a guardian.
