INDIA LAUNCHES NEW SCHEME THAT DOUBLES YOUR MONEY | 2020 | HIGH RATE OF INTEREST | KVP

INDIA LAUNCHES NEW SCHEME THAT DOUBLES YOUR MONEY 

The risk is higher if you want to invest in the stock market. Investing in mutual funds has not yielded big returns lately. That is why the common people are focusing on the savings schemes that guarantee guaranteed returns. Government savings schemes give guaranteed returns. Predict how many returns will come. There is also an understanding of how much the returns will come if you invest in such things. Get good returns. One such scheme is Kisan Vikas Patra-KVP. It is a government savings scheme. Those who invest in this scheme will get a certificate. The total amount invested in this will double in 10 years and four months i.e. a total of 124 months.

You can join the Kisan Vikas Patra-KVP scheme at any post office in India. Whether it is Kisan in the name or not is a scheme for farmers. But anyone can join in on this. Kisan Vikas Document Certificate can be obtained with a minimum of Rs.1,000 certificate. The maximum can be invested anywhere. However, for investments above Rs 50,000, PAN card details are required. Currently, the Kisan Vikas Patra scheme offers 6.9 percent interest. How much will be refunded at the time of maturity only when you take the certificate? This means that even if interest rates fall, there will be no change in your returns. You will get as much as you have in the certificate at maturity. That is why the Kisan Vikas document is considered a safe investment.

Anyone over the age of 18 can get a Kisan Vikas document certificate. There is no maximum age limit. Miners can also join the scheme. However, the account will be in the name of the parents or guardians. Only those in India are allowed to join the scheme. Trusts can also join the scheme. However, companies are not allowed. It is possible to withdraw money from the Kisan Vikas document before maturity. However, if the money is withdrawn within a year, no interest will be charged. Will have to pay a penalty over. There will be no penalty if the money is withdrawn between one and two and a half years. But the interest comes low. There is no penalty if the money is withdrawn after two and a half years. The interest also does not decrease.