Your money will double with guarantee, when will you invest in this government scheme with 100% security and 0% risk

People living in India have many investment options available. If you want, you can invest in any scheme according to your needs and capacity. Apart from mutual funds, stock market, and bank FD, you have many options available for investment like SCSS, PPF, KVP, SSY, and NSC. But here we are going to tell you about a scheme where your money will double with a 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 KVP i.e. Kisan Vikas Patra scheme of the post office.

In how much time will the money deposited in KVP account double

At present, 7.5 percent interest is being given to the Kisan Vikas Patra scheme. Whatever amount you invest in this scheme, your money will be doubled on maturity. Now whether you invest Rs 1 lakh or Rs 1 crore in it, after 115 months your money will be doubled with full guarantee and security. The KVP scheme of the post office 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 a KVP account?

In this scheme, you can invest a minimum of Rs 1000 while there is no maximum investment limit. That is, you can invest as much money as you want in this scheme. Let us tell you that the central government keeps changing the maturity period of this scheme as per the need. But right now the maturity period of this scheme is 115 months. If you ever need money, then the KVP account can be closed prematurely after 2 years and 6 months from the date of opening the account. To open a KVP account in the post office, you will first have to open a savings account.