If you want to invest your savings in a scheme with safe investment and strong returns, then in this case you can trust the schemes being run by the post office. In these schemes, while the government itself guarantees the safety of the investors’ money, the interest rate is also excellent. Post Office runs different small savings schemes for every age and every class and one special scheme in it is Kisan Vikas Patra Scheme, which guarantees investors to double their money in just 115 days. Let us know in detail about investing in it and its benefits…

You can open an account with Rs 1000.

Everyone today earns money by working hard and saves some amount and invests it so that they do not have to face financial difficulties in the future. The thing that makes the Post Office KVP Scheme most popular is that it gives return on investment. Apart from this, there is no risk on investing in it. Under the scheme, investors can start investing by opening an account with a minimum of Rs 1000, while there is no limit for higher investments. That is, you can invest as much as you want.

This Kisan Vikas Patra scheme of the post office doubles the money by giving a strong interest of 7.5% on investment.

The government also gives a great interest rate, which is currently 7.50%. This interest rate is given on investment in KVP scheme on an annual basis. Talking about the maturity period of this scheme, it is 115 months. Along with this, investors can open both single and double accounts under the KVP scheme.

One person can open multiple accounts.

Another special thing about this government scheme is that any person can open as many KVP accounts as he wants. This means that no limit has been set for this and if an investor wants to keep two accounts, he can do so or he can open more accounts. During the scheme, an account can be opened in the name of a child above 10 years of age in this Kisan Vikas Patra scheme.

This calculation of doubling of money

is now the most important thing due to which this scheme remains the first choice of investors. Yes, we are talking about how the money gets doubled in this scheme. So let us tell you that in this government scheme, the interest on the investment amount is calculated on the basis of compounding. If we understand with the example of investing Rs 1 lakh, then on investing this much amount, on the basis of 7.5 percent interest, the interest received on it at the end of the first year will be Rs 7500 and this amount will be added to the principal amount for the next year and the amount will increase to Rs 1,07,500.

Now the interest on this amount will become Rs 8,062 in the second year. This amount will become Rs 1,15,562 by adding it to the principal amount for the third year. Similarly, the amount will keep increasing in the coming years. Now suppose the investor invests Rs 5 lakh, according to this, this amount will also keep getting profit year after year and on maturity the investors will get Rs 10 lakh.

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After the RBI’s decision, many banks have reduced interest rates. In such a situation, interest rates on fixed deposits (FD) are also decreasing. However, investors are still getting 8.2 percent interest rates in many small savings schemes.

Most small savings schemes offer high returns between 7-8 percent per annum, while fixed deposits generally offer returns between 6-7 percent per annum. SBI offers 6.7 percent interest to general customers on its 1-year FD. Whereas, on one-year FD, Union Bank of India offers 6.75 percent, Bank of Baroda 6.85 percent, HDFC Bank 6.6 percent and ICICI Bank 6.7 percent interest. Along with this, senior citizens get an additional 0.50 percent interest on these deposits. Small savings schemes running in the country offer interest ranging from 6.7 to 8.2 percent. Investors get 8.2 percent interest in Senior Citizens Savings Scheme (SCSS) and Sukanya Samriddhi Yojana (SSY).

Sukanya Samriddhi Account Scheme

The interest rate on Sukanya Samriddhi Account Scheme is 8.2 percent. In January 2025, the government increased this interest rate from 8 percent to 8.2 percent. The interest on this account is increased annually.

Senior Citizen Savings Scheme (SCSS)

Senior Citizen Savings Scheme (SCSS) is offering 8.2 percent interest on quarterly basis. This interest rate was increased from 8 percent to 8.2 percent in April 2023 and is applicable till now. The minimum deposit in this scheme starts from Rs 1000 and investors can invest up to Rs 30 lakh.

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