This government program will double your money with almost no risk of losing it.

Investment Advice: The Kisan Vikas Patra (KVP) scheme is a great way to invest your hard-earned money in a plan that will give you a safe and secure return.  Investors have liked this government program for a long time, and its safe structure makes it even more appealing.

It is no longer thought to be a good idea to just put money in a bank and leave it there.  Inflation is always going up, which makes the real value of bank savings go down.  So, we need a plan that lets money grow while staying safe and giving good returns in the future.

Investing in Kisan Vikas Patra has its benefits.

The Kisan Vikas Patra scheme gives investors the peace of mind of knowing that interest rates will stay the same.  Right now, this plan pays 7.5% interest per year, which is more than most other savings plans.  This is a one-time investment that won't lose value because of changes in the market until the maturity period is over.  Because the government runs it, the risk is thought to be almost zero.

When and how does the amount double?

The Kisan Vikas Patra scheme is different from other schemes because the money you put into it doubles in about 115 months, or about 9 years and 7 months.  You can start investing with as little as ₹1,000 and add more in groups of 100.  There is no upper limit on the investment, which is why even big investors choose it as a way to save money.

After 115 months, someone who puts ₹1 lakh into KVP will get ₹2 lakh back.  This plan is very appealing for long-term investment because it promises a total profit of ₹1 lakh.