Post office scheme to double the money 2022- Do you want to double your money genuinely? Yes, You can easily double your valuable money from the post office scheme. Post Office department is working under the Government of India. So that your money is totally safe which is invested into post office schemes. Today I am going to tell you how to double the money from the post office scheme in 2022. Which post office savings scheme will give a high-interest rate nowadays So that our money will be double? KVP is the latest post office scheme to double the money in 2022.

We already know that mutual funds and stock markets give high returns but these are also totally risky. Hence a number of people are afraid of investing money into mutual funds and Stocks. Other than some of the government bonds and these post office schemes are totally safe and risk-free. You have to invest your money to get more interest.

Best Post Office scheme to double the money?

As per India Post's official website, Kisan Vikas Patra post office scheme is the best scheme for double money in 2022. In this scheme postal department produces certificates for invested money and after 124 months (10 years & 4 months) your invested money will be automatically doubled in amount. 

Check India Post Official Website page link from here where is clearly mentioned that amount invested in KVP doubles in 124 months (10 years & 04 months).


Post office scheme to double the money


KVP- Post Office Double scheme to double the 2022

Kisan Vikas Patra (short name KVP) is the post office small savings scheme for all people. It is a fixed rate Post office scheme that is ready to double the invested money after a period of 124 months. If you will invest money into this scheme then post office will produce a certificate. You have to keep this KVP certificate in safe custody. At the time of maturity, you have to bring a KVP certificate into your pocket to get your already invested money.

There is no maximum limit for investment in the KVP scheme. You can invest money in a multiple of 100 rupees. One thousand is the minimum amount to open a new KVP account.


Who can open KVP post office account

As per information available in Post Offices, A single adult person can open a KVP account in any of the post offices situated in India. A joint account with up to 3 adults can also open a KVP account. The post office allows a guardian to open Kisan Vikas Patra savings account on behalf of a minor or on behalf of a person of unsound mind.

In short, you can say that-
  1. A single adult
  2. A joint account with up to 3 adults
  3. guardian on behalf of a minor or on behalf of a person of unsound mind.
  4. a minor above 10 years in his own name.

limit for investing money in KVP to double the money

KVP certificate can be purchased of minimum Rs. 1000 for any post office. People can invest their valuable money in multiple Rs. 100. There is no maximum limit for investing money.

In shorts, you can say- 
  1. Minimum Rs. 1000 and in multiple of Rs. 100, no maximum limit.
  2. Any number of accounts can be opened under the scheme.

Time Duration for double the money in KVP post office scheme

The main question comes now how many days invested money will be double in KVP small savings scheme? I want to tell you that if you want to double your money then invest money in KVP scheme and forget it up to 124 months (10 years and 4 months) from the date of investment.

After the above time duration, you will get double the money from your investment value. This is clearly mentioned on the India Post Official website. So, don't worry about your valuable money because post offices are controlled by the Government of India. 

Post Office scheme to double the money calculator 2022

KVP Interest rate as on 01 April 2022 is 6.9%. Interest will be calculated annually basis. I have mentioned an example for you. You can see below that how the money will be doubled after a specific time period invested in the Post Office Kisan Vikas Patra scheme.

Invested money in KVP - 1,00,000/-
After 10 years 4 months - Money Double


Years and Month

Money invested in KVP

Rate of Interest

Annually Interest

 

100000

6.9

6900

1

106900

6.9

7376

2

114276

6.9

7885

3

122161

6.9

8429

4

130590

6.9

9011

5

139601

6.9

9632

6

149233

6.9

10297

7

159531

6.9

11008

8

170538

6.9

11767

9

182305

6.9

12579

10

194884

6.9

13447

 4 m

208331

6.9

14375



Premature Closure of KVP Account

KVP account may be prematurely closed any time before maturity subject to the following conditions mentioned below: -
  • On the death of a single account, or any or all the account holders in a joint account
  • On forfeiture by a pledgee being a Gazette officer.
  • When ordered by the court.
  • After 2 years and 6 months from the date of deposit.
  • Transfer of account from one person to another person.
KVP may also be transferred from one person to another person on the following conditions only.

  • On the death of account holder to nominee/legal heirs.
  • On the death of the account holder to a joint holder(s).
  • On order by the court.
  • On pledging of account to the specified authority.

FAQs

Question 01- Which scheme is best for double money?
Answer- Kisan Vikas Patra Post Office Scheme.

Question 02- Post Office scheme to double the money calculator?
Answer- Check here

Question 03- Post office double money scheme 2022?
Answer- KVP Post Office Scheme.

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