For investors seeking safety and assured returns, the Post Office’s Kisan Vikas Patra (KVP) scheme remains a reliable option. Backed by the government, the scheme offers a fixed interest rate of 7.5 percent, allowing investments to double in 115 months.
Kisan Vikas Patra: Government-Backed Scheme with Assured Returns
New Delhi: In today's times of volatility in the stock market, and investors fear losses, people seek options that ensure complete security and assured returns. The Post Office Kisan Vikas Patra (KVP) scheme meets this need, offering investors significant long-term benefits with guaranteed returns.
The Kisan Vikas Patra is a small savings scheme supported by the Government of India and operated through post offices. This scheme is specifically for those who want to safely invest their hard-earned money while remaining risk-averse. The most significant feature of this scheme is that the amount deposited doubles within a fixed period.
Investing in this scheme can begin with just ₹1,000. There is no maximum investment limit, meaning you can invest as per your capacity. Any Indian citizen over the age of 18 can purchase a Kisan Vikas Patra (KVP) at their nearest post office. This scheme is available in both individual and joint forms.
Currently, the Kisan Vikas Patra offers an annual interest rate of 7.5 percent. This interest is compounded, allowing the investment amount to grow rapidly over time. Its returns are considered more attractive than many bank fixed deposit (FD) schemes.
The biggest attraction of the Kisan Vikas Patra is that the money doubles within a fixed period. At the current interest rate, the amount invested in it doubles in 115 months, or approximately 9 years and 7 months. For example, if an investor invests ₹5 lakh, they will receive ₹10 lakh at the end of the stipulated period.
Although this is a long-term scheme, it also offers the option of premature withdrawal if needed. Investors can redeem their funds after 30 months (two and a half years) from the date of investment. This makes this scheme not only safe but also useful in times of need.
Kisan Vikas Patra is best suited for investors who are risk-averse, planning for retirement, children's education, or want to create a secure fund for the future. It is a reliable option for doubling their money without any market risk.
Overall, the Post Office Kisan Vikas Patra scheme offers a strong combination of safe investment, fixed returns, and government guarantee, making it an excellent option for ordinary investors.
