Kisan Vikas Patra
If you are planning a safe investment, you can invest in the Post Office’s ‘Kisan Vikas Patra‘ scheme. The government-run scheme offers a guaranteed double return on investment.
This is one of the best selling post office schemes. If you are planning a long term investment, you can invest in this scheme. The government has set an interest rate of 6.9% for the second quarter of 2021, i.e. till September 30.
There are some conditions for investment
How many conditions have been created to invest in this scheme. According to which there is a long term scheme here. After a lump sum investment of 124 months, the investor gets two huge returns. The minimum investment is Rs.1000 while there is no maximum investment limit. The minimum age for investment is 18 years.
Will double the money
Certificates up to Rs.1000, Rs.5000, Rs.10000 and Rs.50,000 are issued. For more than 50 thousand investments, PAN card information has to be given. In addition to single account, joint account facility is also available. If you invest Rs 1 lakh in this scheme today, you will get Rs 2 lakh in maturity after 124 months.
Kisan Vikas Patra (KVP) is a savings scheme available at India Post Offices in the form of certificates. It is a fixed rate small savings scheme designed to double your investment after a predetermined period of time (124 months in the currently available issue).
In the Kisan Vikas Patra (KVP), the investors get twice the amount invested after the maturity period. It has to invest at least 1000 rupees. There is no fixed maximum investment limit. One can invest any amount according to his financial capacity.
All Applicants who are willing to apply online application then download the official notification and read all eligibility criteria and application process carefully. We will provide short information about “Kisan Vikas Patra Yojana 2020” like Scheme Benefit, Eligibility Criteria, Key Features of Scheme, Application Status, Application process and more.