Post Office Scheme to Double the Money

A Post Office near you is probably the only place that can give you the guarantee to double your money. While investing your money in mutual funds and stocks can as well double your money, and probably in less time, but the risks associated with these schemes keep the vulnerable and small investors away. However, this is not the case with small savings schemes like the Post Office scheme to double the money. The investments that you do in these small savings schemes guarantee the safety of invested money.

Read more
kapil-sharma
Bajaj allianz life insurance
loading...
ICICI Prudential Life Insurance Company
loading...
tata aia life insurance
loading...
Investment Plans
  • money
    Generate wealth Earn 1 Cr# in maturity with Zero LTCG tax
  • tax
    Double tax savings^ On premiums (under 80C) and on maturity (under 10(10D))
  • compare
    Compare & Choose 30+ Plans and 150+ Fund options
We are rated++
rating
9.7 Crore
Registered Consumer
51
Insurance Partners
4.9 Crore
Policies Sold

Top performing plans˜ with High Returns**

Invest ₹10K/month & Get ₹1 Crore# on Maturity

+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company
Get Updates on WhatsApp
We are rated++
rating
9.7 Crore
Registered Consumer
51
Insurance Partners
4.9 Crore
Policies Sold
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

That means the money you have deposited in these small savings schemes will for sure be returned to you by the Indian Government even in case of default. In this way, your invested money will not go anywhere even if government organizations like Post Office shut down.  

The small savings schemes with Post Office such as Kisan Vikas Patra are providing higher interest rates if we compare them with the schemes of some of the leading Indian banks. Surprisingly, Kisan Vikas Patra is some of those Post Office schemes to double the money in the declared timeline.

Even though, the current Central Government has slashed the interest rates of small savings schemes; but these small savings schemes like Kisan Vikas Patra are still lucrative than fixed deposits of banks. Kisan Vikas Patra still has the potential to double your money in upon maturity in 124 months. 

Previously, Kisan Vikas Patra was having a maturity period of 11x3 months, however, in recent revision in these small savings schemes, this period is increased to 124 months. With this, the annual interest rate on Post Office Kisan Vikas Patra is slashed down to 6.9% from 7.6%. After investing in this scheme, you get the guarantee from the government that your invested amount is secured and you will get a guaranteed return.

Elaborating on Kisan Vikas Patra, the rate of interest remains fixed throughout the investment period at the rate of the annual rate of interest that is provided at the time of account opening. For instance, if someone has opened a Kisan Vikas Patra account with Post Office in January 2020, then he/she will get the interest rate of 7.6% throughout his/her period of investment. This is because from January to March 2020 quarter of the year the interest rates for this scheme will be 7.6% whereas a new rate will be applied for all the accounts that will be opened in April to June 2020 quarter.

So, despite slash in the interest rate, you can use this Post Office scheme to double the money because the new maturity period is increased to 124 months which is equal to 10 years and four months in place of 113 months. In this way, if you invest Rs.10, 000 in Kisan Vikas Patra today then upon maturity of this scheme, which is after 124 months, you will get Rs.20, 000. Even the official website of the Indian Post Office says that it is the Post Office double money scheme.

Those who want to invest in Kisan Vikas Patra have to invest at least Rs.1, 000. This amount should be in multiples of 100. However, there is no limit on the maximum amount to be invested in this scheme. Kisan Vikas Patra can be purchased from any Indian Post Office and facility to add nominee is also available there.

The certificate of KVP can be transferred from one person to another and can also be transferred from one Post Office to another. You can as well encash it after two and a half years of purchased date.

So, this Post Office scheme to double the money offers interest more than any bank FD like FDs offered by HDFC or SBI. For a 10-year FD, SBI is offering a 6.25% interest rate whereas HDFC Bank is offering an interest rate of 6.9%. 

Being an adult, you can purchase KVP for self or a minor’s behalf or with some other adult from any Indian Post Office’s branch. There is a nomination facility as well.

Since an investor can transfer his/her Kisan Vikas Patra from one Post Office branch to another and from self to another, thus it can be used as a gift.

Moreover, there is no restriction over the maturity period withdrawal, thus you can encash it after two and a half years if you wish to.

The Final Words

As the Indian Post Office itself says that you can double your money with this scheme of Post Office, so you can easily trust on it for doubling your money.

Disclaimer: Policybazaar does not rate, endorse or recommend any specific insurance provider or insurance product offered by any insurer.

Read Also: Post Office Interest Rate

˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

Past 10 Years' annualised returns as on 01-02-2025

^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.

Tax benefit is subject to changes in tax laws. Standard T&C Apply
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%

¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.

**Returns are based on past 10 years’ fund performance data (Fund Data Source: Value Research).

Become a crorepati-1
Invest More Get More!
You Get
₹1 Crores*
You Invest
₹10K/month
You Get
₹80 Lakhs*
You Invest
₹8K/month
You Get
₹50 Lakhs*
You Invest
₹5K/month
capital guarantee
Investment Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans

Investment plans articles

Recent Articles
Popular Articles
Bank of Baroda PPF Account

10 Feb 2025

A Bank of Baroda PPF Account is a secure and long-term
Read more
What is Rupee Cost Averaging?

03 Feb 2025

Rupee Cost Averaging (RCA) is a strategy where you invest a
Read more
PNB FCNR Account

30 Jan 2025

PNB FCNR (Foreign Currency Non-Resident (Banks) deposit rates
Read more
Bank of India Compound Interest Calculator

30 Dec 2024

The Bank of India- Compound Interest Calculator is an online
Read more
Indian Bank Compound Interest Calculator

26 Dec 2024

The Indian Bank Compound Interest Calculator helps you estimate
Read more
30 Best Investment Options in India in 2025
  • 04 Apr 2014
  • 1874621
In India, there are many safe and reliable options to grow your money with minimal risk. Whether you are new to
Read more
Short Term Investments Options
  • 10 Feb 2014
  • 546901
Short-term investments are financial assets that can be easily converted to cash within a short period, ranging
Read more
Post Office Senior Citizen Savings Scheme (SCSS) 2025
  • 13 Feb 2020
  • 109773
The Post Office Senior Citizen Savings Scheme (SCSS) is a government-backed scheme designed specifically for
Read more
Best Saving Plans in India 2025
  • 30 Jan 2019
  • 167064
Saving money is an important step towards achieving financial independence and security. Whether you're looking
Read more
Government Schemes to Invest in India in the Year 2025
  • 23 Dec 2021
  • 18744
India offers a diverse landscape for financial planning, and for those seeking stability and security, government
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL