Many investment plans are waiting for you if you are the type of person who puts aside a portion of your salary for the future. Choosing the best among them and investing money will get the best profit. The central government itself has several investment schemes in place now. Investment Schemes for Senior Citizens, Sukanya Samriddhi Scheme, Mahila Samman Savings Certificate etc. are just a few.

However, a plan that doubles the investment amount over a period of time is more beneficial to the customers. One such scheme is Kisan Vikas Patra (KVP). Even those who are new to investment schemes can invest their money with confidence in KVP. This is a project under the Postal Department. A one-time investment of 9.5 years (115 months) can double the money. Moreover, the investor will get 7.5 percent interest per annum. For example, if you have invested Rs 5000 through KVP, you will get Rs 10,000 during the maturity period. Anyone can join this scheme by making a deposit of Rs.1000. After that just keep investing in multiples of hundred. Any amount of investment can be done.

Eligibility for joining the scheme

1. One can join KVP either as an individual or as a joint account. There should be at least three adults in the joint account.
2. Children above ten years of age and those suffering from mental disabilities can also join the scheme.

If you deposit Rs.200 per day

Let's see how if you invest Rs 200 per day for a year, the amount doubles in 115 months through KVP. Through this, the investment will be Rs 73,000 in one year. If you keep continuing with this investment for 115 months or nine years and seven months, you will get a total of Rs 1,46,000 with 7.5% interest added.