Dhansu Scheme of Post Office (Kishan Vikas Patra)

Dhansu scheme of Post Office- Indian love to save money for future planning. But they don't know where to invest the money so their money gets doubled.

If you are in the same trouble that where to invest money, then I am going to share with you a Dhansu scheme for the Post office. 

Kishan Vikas Patra Post office scheme is known as the Dhansu scheme of Post Office. It doubles your money in just 123 months. The short name of Kishan Vikas Patra Post Office is KVP scheme.

Recently, I have also invested 5 lakhs rupees into the KVP Post office scheme. After 10 years and 3 months later, I will get 10 lakhs as the maturity amount. Hence KVP Post Office Scheme is known as Dhansu scheme of Post Office.

If you want to know more about this Post Office scheme then this post will help you to get deep knowledge related to Kishan Vikas Patra Post Office Scheme.

Dhansu scheme of Post Office in detail- KVP Post Office Scheme

As I already told you the KVP scheme doubles your money in only 123 months. Hence KVP scheme is known as the Dhansu Post Office scheme.

First of all, you have to visit Post Office's official website from here where it is clearly mentioned that KVP Post Office Scheme doubles the money in 10 years and 3 months (a total of 123 months)

Now, I am going to tell you who can open a KVP account in the post office. So you can also invest money in the Dhansu scheme of post offices.

Who can open a KVP account (Dhansu post office scheme) 

A single adult can open a KVP account, as well as a joint account, can also be opened.

A minor above 10 years can alos open a KVP account in the post office.

Parents can also open a KVP account on behalf of a minor below 10 years.

How to open a post office KVP account online

Yes, it is now possible that the KVP account can also be opened online. There is no need to visit the post office physically. Just follow the below step-by-step process and open your KVP post office account online.

Before it, make sure, you already have a POSB (Post Office Savings Account). and  DOP internet banking is activated for your POSB account.

If you are eligible for the above two conditions, then you can easily open a KVP post office account online by following the below method.

• Login into DOP internet banking.
• Enter your user id and password.
• Click on the 'General Services' option.
• Choose the 'Service requests' option.
• Now Click on 'New requests'.
• Click on the 'KVP account- Open a KVP account' option. 
• Deposit the amount as required for the KVP account.
• Click on 'Debit account' (select linked PO Savings Account)
• Click on "click here" to read the terms and conditions and accept the terms and conditions.
• Then click on the 'Submit online' button.
• Enter your Transaction password
• Again click on submit button.
• Your KVP account has been opened now. Click on View/Download Deposit Receipt to view and download the receipt.

Similarly, you can also close your KVP account online.

 

How much money can I invest in KVP Post Office Account?

There is no maximum limit for investing money into the KVP Post Office account scheme. You have to 

invest a minimum of 1000 rupees in a KVP account. 

KVP Post Office scheme maturity duration

If you want to invest money in the Post Office KVP scheme then you have to wait up to 123 months (10 years and 4 months) from the date of investment. Because the maturity time duration of a Post Office KVP scheme is 123 months i.e. 10 years and 4 months.

Post Office KVP Scheme Interest rates on Sept 2022

KVP Post Office scheme interest rate is 7% w.e.f. 01 October 2022.

Interest will be calculated on annual basis in Kishan Vikas Patra scheme.

For example, if you want to invest 1,00,000/- rupees in the KVP post office account then the interest calculation and maturity amount calculation will be calculated as under- 

Years and Month	Money invested in KVP	Rate of Interest	Annually Interest
	100000	7	7000
1	107000	7	7490
2	114490	7	8014
3	122504	7	8575
4	131079	7	9175
5	140254	7	9818
6	150072	7	10505
7	160577	7	11240
8	171817	7	12027
9	183844	7	12869
10	196713	7	13770
3 months	210483	7	14734

FAQs

Question 01- Which scheme is known as the Dhansu scheme of the post office?

Answer- Kisan Vikas Patra Post Office Scheme is known as the Dhansu scheme of post offices.

Question 02- How much time is required to double the money in the post office KVP scheme?

Answer- 123 months (10 years and 3 months) 

Question 03- Can I open a KVP account online?

Answer- Yes, It is now possible that KVP's (Kishan Vikas Patra) Post Office account can be opened online. 

My thought

In short, I want to say that the Post office KVP scheme which is also known as the Dhnasu post office scheme is now famous among people. It doubles the money in only 123 months.

If you are searching to invest money and get more returns then this scheme is for you.

I recommend that you must have to invest money into the KVP post office scheme to get the best return.

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