If earning money is a difficult task, then saving and growing the money you earn is even more difficult. No matter how hard you work to save money, it is also important where you invest it to make a profit. This is where many people get confused.
If we invest in the stock market, the risk is high. Similarly, if we invest in gold, the concern is that the price will rise or fall. If we keep it in the bank, the interest we get is not enough. Therefore, there is a way to double your money without any risk. This scheme is being run by the Central Government. That is the ‘Kisan Vikas Patra – KVP’ scheme of the Post Office.
What is Kisan Vikas Patra?:
Despite the name ‘Kisan’, this scheme is not just for farmers. Any citizen of India can invest in it. It is a savings scheme that is available through post offices. The big advantage is that your money is 100% backed by the government. This means there is no question of your money going to waste.
How to double your money:
This is the feature of this scheme. The money you invest doubles in a certain period of time. As per the current rules, the money you invest doubles in 115 months (i.e., 9 years and 7 months). Currently, this scheme earns 7.5% interest per annum. Since it is compounding interest, your money grows rapidly.
Who can invest?:
Any Indian citizen above the age of 18 years can invest in this scheme. Parents can also open an account in the name of their children. Also, a joint account can be opened between two or three people.
How to invest:
The process is very simple. Go to your nearest post office, fill the KVP form, provide your KYC documents (Aadhaar, PAN card). Pay the amount you want to invest, and you will get a Kisan Vikas Patra certificate.
How much to invest?: The minimum investment is Rs. 1,000. There is no maximum limit. You can invest as much as you want and open an account.
Key Features:
🔹 Return on Deposit:
Current Additional Rate (till August 2025): 7.5% per annum (compounded annually)
Amount doubles in 115 months (9 years 7 months).
(i.e. ₹10,000 becomes ₹20,000)
🔹 Minimum Investment Amount: ₹1000
🔹 Maximum Limit: No Limit (Any amount can be invested)
Advantages: You can appoint a nominee in advance to whom the money goes after you. You can also get loans from banks by pledging these KVP documents. This letter can be transferred from one person to another. Similarly, it can be easily transferred from one post office to another. You can withdraw the money within 2 years and 6 months of investment. Therefore, certain conditions apply. This should be kept in mind.
