Hello friends, welcome to our news site www.informalnewz.com. Friends, today we have brought very special information for you that Kisan Vikas Patra has issued new interest rate, friends, through this article, we are going to tell you that Kisan Vikas Patra issued new interest rate. Let’s start friends
The Kisan Vikas Patra is a one-time investment scheme (one time investment) of the Government of India.
Kisan Vikas Patra: What can be better than this, if you get a guarantee of good returns as well as security of money while investing. Because investing in the market is full of risks. And the corona epidemic has greatly increased this risk.
Therefore, if you are looking for a safe and zero risk investment, then the post office savings account can be a better option for you. And if you are thinking of investing for a long time, then the post office Kisan Vikas Patra (Kisan Vikas Patra-KVP) scheme is a great option.
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What is Kisan Vikas Patra
Kisan Vikas Patra is a one-time investment scheme of the Government of India. In this scheme, your money doubles in a fixed period.
How long to invest (Kisan Vikas Patra Investment)
Investment facility is available in Kisan Vikas Patra in all post offices and big banks of the country. Its maturity period is now 10 years, 4 months i.e. 124 months.
Kisan Vikas Patra Interest Rate
You can invest at least 1000 rupees in Kisan Vikas Patra and there is no limit for maximum investment. Kisan Vikas Patra (KVP) invests as a certificate. There are certificates up to 1000 rupees, 5000 rupees, 10,000 rupees and 50,000 rupees, which can be purchased. On Kisan Vikas Patra, you get compound interest of 6.9% per annum.
The scheme was started in 1988, when its objective was to double the investment of farmers. But now anyone can invest in the scheme.
All the post office schemes get government guarantee. That is, there is absolutely no risk in it. Hence Kisan Vikas Patra is considered a safe investment with a good return.
Kisan Vikas Patra Features
Guaranteed returns are available on Kisan Vikas Patra. The best thing is that the scheme does not affect the fluctuations of the market. Therefore, it is a very safe means of investment. On maturity, you get full amount.
There is no tax exemption under Section 80C of Income Tax. Return on it is fully taxable.
On maturity, that is, after 124 months you can withdraw the amount. Its lock-in period is 30 months. You cannot withdraw money from the scheme before 30 months.
You can also take a loan by keeping the Kisan Vikas Patra as collateral or as security.