At present, investments are made in many types of schemes to earn money. In this context, if you are looking for such a scheme in which you can get good interest from long term investment, then Kisan Vikas Patra (Kisan Vikas Patra-KVP) can prove to be a good option for you.

This is considered a good savings scheme of the post office. The special thing is that the amount invested in KVP doubles in 115 months. Read all the information from interest to benefits here.

Who can open KVP account

Under Kisan Vikas Patra Yojana, any adult person can open a single or joint account. Apart from this, children above 10 years of age can also open KVP account in their own name. Parents can open an account on behalf of a minor or a mentally unstable person.

Start investing from Rs 1000

A minimum investment of Rs 1000 and in multiples of Rs 100 can be made in Kisan Vikas Patra Yojana. Note, one of its special features is that you can invest as much money as you want in KVP and there is no limit on opening accounts.

Investment amount will double in 115 months

7.5% interest is offered annually on KVP account. By investing in this, your amount will double in 115 months. This means if you invest Rs 1 lakh, you will get Rs 2 lakh after 115 months. Whereas, if you deposit Rs 10 lakh in KVP account then it can be converted into Rs 20 lakh.

What are the benefits of investing in KVP?

• Kisan Vikas Patra Scheme is not affected by the ups and downs of the stock market.
• There is a government guarantee on the PO scheme, so you do not need to worry about whether you will get returns or not.
• KVP account can be opened in any post office.
• KVP account matures in 115 months but you will continue to get interest till you withdraw money from the account.
• You can take a secured loan through Kisan Vikas Patra.
• While opening Kisan Vikas Patra account, documents like Aadhar card, age certificate, passport size photo, KVP application form etc. are required. You can also transfer your KYP account.

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India Post has created different risk free savings schemes that give high returns while securing the future of people living in underdeveloped areas of the country. Gram Suraksha Yojana is the most popular among the many rural postal life insurance schemes launched by the post office. Let’s know everything about the Village Security Scheme.

Gram Suraksha Yojana is run under the Rural Postal Life Insurance Scheme of the Post Office. In this scheme, you can get an amount of Rs 35,00,000 on maturity by investing Rs 50 every day. This scheme has been specially designed for the rural population.

Village Security Scheme A person from the age of 19 years to 55 years can invest. In this scheme, you can get a minimum sum assured of Rs 10,000 and a maximum of Rs 10 lakh. Premium can be deposited in Gram Suraksha Yojana on monthly, quarterly, half-yearly or yearly basis.

Investors get loan facility on Gram Suraksha Yojana. This facility can be availed after 4 years. Investors can also surrender the policy after 3 years of taking it. If you surrender it within 5 years of taking the policy, then you will not get the bonus on it.

In Gram Suraksha Yojana, if you invest 50 rupees everyday i.e. 1500 rupees in a month, then you can get 35,00,00 rupees on the maturity of this scheme. If you buy a Rs 10 lakh Gram Suraksha Yojana at the age of 19, you will have to pay a premium of Rs 1,515 every month for 55 years. At the same time, Rs 1,463 for 58 years and Rs 1,411 for 60 years will have to be deposited every month. You will get Rs 31,60,000 on maturity in a period of 55 years, Rs 33,40,000 on maturity of 58 years and Rs 34.60 lakh in 60 years.

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