The small savings scheme which is known as Kisan Vikas Patra (KVP) is a scheme offered by the Post Office. Annually, it offers an interest rate of 6.9 percent. At the current rate, KVP will take 124 months or 10 years and four months to double your money.
At a minimum amount of Rs 1,000, the KVP account can be opened and thereafter in multiples of Rs 100. There is no maximum limit.
Kisan Vikas Patra - All you need to know:
-Single adults can open a Kisan Vikas Patra (KVP) account. Three adults can open a joint account. An account can be opened by the guardian on behalf of a minor or on behalf of a person with a differently-abled mind.