If you invest 10 lakhs, you will get 20 lakhs directly

 Post Office KVP Scheme: When it comes to money doubling scheme, we feel that this is totally wrong. But that is not the case, there is also a scheme of post office in which you can double your money directly, and the funny thing is that there is no limit to invest money.

If you want to make twenty lakhs out of ten lakhs, you can do it, if you want to make two crores out of one crore, you can do that and even if you want to make twenty crores out of ten crores, you can do it.

Post Office KVP Scheme

The full name of KVP in Post Office KVP Scheme is Kisan Vikas Patra. This scheme is run by the Government of India so don't be afraid that the money will sink, a hundred percent guarantee is given that your money will be doubled.

So let's know who can open an account in this scheme, how much tax benefit is available through this scheme, minimum amount of rupees you can invest and most importantly how soon your money will be doubled.

Who can open an account?

• Every citizen of 18 years or above can open his account in this scheme.
• People below 18 years of age can also open their own account in this scheme but the account is managed by parents.
• A maximum of three people can register an account in this scheme together.
• If you open an account together with three people, keep in mind that two types of accounts are opened.

1. Joint a
2. Joint b

• Joint A : In this type of account any one of the three persons can sign and withdraw the money.
• Joint B: This type of account requires the signature of all three persons to withdraw money only.

How much rupees can be invested?

In Post Office KVP Scheme, you can invest a minimum of one thousand rupees and the funny thing is that there is no limit to the maximum investment, so if it is ten lakh rupees, then invest it and at the end of maturity, the money will double to 20 lakhs.

If you want to close the account before maturity?

The account will be closed before maturity only when the following conditions are fulfilled.

• The account can be closed if the person in whose name the account passes away due to any reason.
• If you want to pledge this account with a bank and take a loan.
• You can close this account anytime after two and a half years.
• The biggest advantage is that if you want to transfer the account to another person for any reason, you can.

In how many days will the rupee double?

This same question was confusing in the mind of when? So let me answer you this question… The current interest rate of this scheme is 7.5%, at this interest rate your invested money will be doubled after 115 months i.e. in 9 years 7 months you will get double your invested money.

And as mentioned above, if you want to withdraw money after two and a half years, then you must have asked the question that how many rupees will be eligible to receive after two and a half years, then the answer to this question is that when you go to open the account of this scheme, you will be given a list. If you withdraw rupees after two and a half years, how many rupees will you be entitled to get?