Rs 9,999 Kisan Vikas Patra investment delivers Rs 9,998 return in 115 months; see how money grows each year in this guaranteed income certificate scheme
Kisan Vikas Patra (KVP) Post Office Small Savings Scheme Interest: As the government leaves the interest rates applicable to the small savings schemes available at post offices, the Post Office Kisan Vikas Patra (KVP) certificate investment plan pays interest at the rate of 7.5 per cent compounded annually for the quarter ending June 30, 2024. What makes the post office KVP scheme unique is that the amount of money invested in this small savings scheme doubles over a period of nine years and seven months. What it means is that the minimum investment of Rs 1,000 in Kisan Vikas Patra certificates grows into Rs 2,000 upon maturity.
Kisan Vikas Patra (KVP) Post Office Small Savings Scheme Interest: Currently, the money invested in the Post Office Kisan Vikas Patra scheme grows 7.5 per cent annually.