Best investment scheme.

 There is no better scheme to double the investment/ rupees, the maturity amount will be available in just two and a half years

Payment is the only source of income of an employee. If a big expense comes suddenly, it becomes a problem for the employees. In such a situation, small savings can come in very handy over time. Investing in the stock market is risky, most people don't want to put their money in it. However, we are going to tell you a very simple scheme to double the amount. By this you can double your money. In this post office scheme one can get better returns without any risk. Check the details of this scheme…

Today we are going to tell you about Kisan Vikas Patra Small Savings Scheme of Post Office. Your money is also safe by depositing in this scheme amount. Also, there is a guarantee of getting benefits at the rate of interest decided by the government.

Children, senior citizens or persons of any age can invest in Post Office's Kisan Vikas Patra Yojana. Also, a joint account can be opened in it. Investment in Kisan Vikas Patra starts from a minimum of Rs.1000. Any amount can be invested in this.

According to the Post Office website, if an investor deposits money in the Kisan Vikas Patra Yojana for the full term, his money will double in 124 months. Compound interest is available on investment of Kisan Vikas Patra at Post Office. The scheme now offers 6.9% interest rate on investment.

Farmers can transfer Vikas Patra to another branch. KVP can also be transferred from one person to another. There is also an option of nominee. Kisan Vikas Patra is available at any post office in India.

Maturity (lock-in) of Kisan Vikas Patra can be availed after 30 months or two and a half years from the date of issue of KVP certificate. Tax rebate is also availed by investing in Kisan Vikas Patra. In this case, income tax exemption is available under Section 80C of the Income Tax Act.

A bank account is opened to invest in Kisan Vikas Patra Yojana. For this Aadhaar Card, Proof of Residence, KVP Application Form, Proof of Age, Passport Size Photo and Mobile Number (Aadhaar Card, Proof of Residence, KVP Application Form, Proof of Age, Passport Size Photo and Mobile Number) are required.

The post office distributes Kisan Vikas Patra on behalf of the government. Cash, Cheque, Pay Order or Demand Draft (Cash, Cheque, Pay Order or Demand Draft KVP) are all acceptable modes of payment for Certificates.