Investment: This scheme of post office will only bring benefits, know the whole thing

Investment: There are some government schemes in the post office which offer better returns and protection from risk than investing in the stock market. If you want to make safe investments, we can tell you about the Kisan Vikas Patra (KVB) scheme that can double your money. KVP Certificates are savings schemes that guarantee returns under certain conditions. Let us tell you about this amazing project. KVP scheme is a Kisan Vikas Patra scheme offered by post office, your money will be doubled in few months. The scheme allows investments from Rs.1000 in multiples of 100, with no limit on maximum investment. The main objective of KVP is to double your investment, the minimum investment is Rs 1000 and there is no maximum limit. Any person or he can open joint KVP account with three persons if he wants. If the guardian wishes, he can open an account on behalf of the minor. Also, a minor above 10 years of age can open an account in his own name. Anyone 18 years of age or above can join the KVP program. Also Read: Bank: What is Joint Savings Account? Investment in Kisan Vikas Patira (KVP) is restricted to Hindu Undivided Families (HUF) and Non-Resident Indians (NRIs). In 2014, the government implemented a rule requiring investors of more than Rs 50,000 to provide their PAN card to prevent illegal financial activities. Also, individuals depositing more than Rs 10 lakh will have to provide documents to prove their income such as pay slips, bank statements and income tax returns. Also Read: Railway Minister Answers Chairman's Questions, Learned About Railways' Income: This Scheme of Postal Department Will Only Bring Benefits, Know the Full Story appeared first on Prabhat Khabar.