Post Office KVP: Under this scheme 124 months money is guaranteed to be doubled. Double amount is given only on the basis of lump sum investment and the interest received thereon.
Post Office KVP: Investing in post office provides financial security to the customers. After investing a lot of our hard earned money in the post office, we can get big amount after a certain time. Many people save, but invest in a place where the risk is high. If you are planning to invest in the long term without risk, then you can invest in the ‘Kisan Vikas Patra’ scheme of the post office.
The specialty of this government-run scheme is that after investing in it, you are given double amount on maturity. Actually, under this scheme 124 months money is guaranteed to be doubled. Double amount is given only on the basis of lump sum investment and the interest received thereon. Its interest rate has been fixed at 6.9 per cent till the second quarter of 2021 i.e. 30 September.
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