Kisan Vikas Patra
Kisan Vikas Patra (KVP) is a savings scheme offered by the Government of India, designed to encourage long-term investment among farmers and rural individuals. It allows investors to deposit a minimum amount and earn a fixed interest rate over a specified period, typically 124 months. The principal amount doubles at maturity, making it an attractive option for those looking to grow their savings.
KVP can be purchased from designated post offices across India, and it is available in various denominations. The scheme is transferable and can be encashed at any post office, providing flexibility and convenience for investors.