In how much time will the money deposited in KVP account double?
People living in India have many investment options available. If you want, you can invest in any scheme according to your need and capacity. Apart from mutual funds, stock market, bank FD, you have many options available for investment like SCSS, PPF, KVP, SSY, NSC. But here we are going to tell you about a scheme where your money will be doubled with 100 percent guarantee. Not only this, in this scheme you will get 0 percent risk and 100 percent security, because this is a scheme run by the Central Government. Yes, we are talking about the post office’s KVP i.e. Kisan Vikas Patra Scheme.
In how much time will the money deposited in KVP account double?
Currently, 7.5 percent interest is being given on Kisan Vikas Patra Scheme. Whatever money you invest in this scheme, your money will be directly doubled on maturity. Now whether you invest Rs 1 lakh or Rs 1 crore in it, after 115 months your money will double with complete guarantee and security. Post Office’s KVP scheme matures in 115 months i.e. 9 years and 7 months and you get double the money on maturity.
What is the maximum amount that can be deposited in KVP account?
In this scheme you can invest minimum Rs 1000 while there is no limit on maximum investment. That means you can invest as much money as you want in this scheme. Let us tell you that the Central Government keeps making changes in the maturity period of this scheme as per the need. But currently the maturity period of this scheme is 115 months. If you ever need money, KVP account can be closed prematurely after 2 years and 6 months from the date of account opening. To open a KVP account in the post office, you will have to first open a savings account.
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