If you invest a lump sum in the Kisan Vikas Patra Scheme, the Government of India doubles your money in 115 months, or 9 years and 7 months, with 7.5% interest, without any risk.

The Government of India has a scheme that doubles your money very quickly. Actually, it's a Post Office Scheme of the Government of India called the Kisan Vikas Patra Scheme (Post Office KVP Scheme). This scheme doubles the deposits of its account holders in 115 months. If you deposit a lump sum in this scheme, you will earn up to 7.5% interest on your deposit.

What is the Post Office KVP Scheme?

This is a Post Office scheme. Hearing the name Kisan Vikas Patra, you might think this scheme is only for farmers. But that's not true. This scheme is for anyone who wants to double their money without risk. Investing in this scheme doubles the account holder's deposit in 115 months, or 9 years and 7 months. This is a one-time investment plan. Account holders will earn up to 7.5% interest. As a Government of India scheme, investments are completely safe. Stock market fluctuations do not affect it. Returns are guaranteed by the government. You can start with a minimum investment of just ₹1,000. There is no maximum limit.

How will your money double?

Suppose you invested ₹10,000 in the Kisan Vikas Patra scheme. At the annual interest rate of 7.5% offered by the government, you will receive ₹750 at the end of the first year. This, added to your original ₹10,000, will become ₹10,750.
Now, in the second year, interest will be charged not on ₹10,000, but on ₹10,750, because the ₹750 interest has already been added. By the end of the second year, with 7.5% interest, you will earn approximately ₹806, making the principal amount ₹11,556.

Like this: Every year, your total investment increases, and the next year, interest is earned on that increased amount. Due to this "interest on interest" (compound interest), your original investment of ₹10,000 will become ₹20,000 (exactly doubled) in 115 months (9 years and 7 months).

How to invest in KVP? (Application Process)

1. Prepare the necessary documents:

Aadhaar card, PAN card (required), passport or voter ID, address proof, passport-size photo

2. Visit the post office or bank

You can find the nearest branch by visiting the India Post website.

3. Fill out the application form

Fill out Form A and submit all KYC documents.

4. Make the payment

Deposit the investment amount by cash, check, or demand draft.

5. Get the certificate

After the verification is complete, you will receive your Kisan Vikas Patra certificate.