News From Press Modi govt has notified plan that guarantees double money! Features explained

Modi govt has notified plan that guarantees double money! Features explained

Source: The Financial Express Jan 6, 2020

The Central government recently notified Kisan Vikas Patra (KVP) Scheme, 2019 vide GSR 920 (E) dated December 12, 2019. The new scheme has replaced Kisan Vikas Patra Rules, 2014. KVP rules guarantees to double your investment in nine years and five months. So, if you deposit Rs 50,000 in KVP today (January 4, 2020), it will become double after nine years and five months. You will be able to withdraw the double amount (Rs 1,00,000) after June 4, 2029.

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