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Postal Office scheme to double your money
These post office schemes will help double your money
The Kisan Vikas Patra (KVP) was started in 1988 with an objective to double investment of farmers. If you invest from April 1 2022 to June 30 2022, then the lump sum doubles in 10 years and 4 months
A KVP certificate can be purchased with a minimum investment of Rs 1,000 and there is no maximum investment limit.
The government has made both PAN and Aadhaar mandatory for the KVP scheme.
If you investment Rs 10 lakh or more then you will have to submit income proof such as ITR, salary slip and bank statement
The single holder type certificate is purchased for self or a minor
A Joint A account certificate holder is issued jointly to two adults. Returns are paid too both holders, or whoever is alive
A Joint B account certificate holder is issued jointly to two adults and returns are paid only to one holder
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