Kisan Vikas Patra: Among the many schemes of the Post Office, Kisan Vikas Patra is such a scheme in which the money becomes double in 10 years. Kisan Vikas Patra, which gives double money in 124 months, is a very popular scheme and many people invest in it. It is said for Kisan Vikas Patra that along with good returns, it also gives flexibility to the investors.
The best thing with Kisan Vikas Patra is that it does not require much calculation. In this, you can start investing with a minimum of Rs 1000 and you can deposit any amount.
Benefits of Kisan Vikas Patra Investment in Kisan Vikas Patra
Currently, 6.9 percent interest is being given in this scheme.
1000 can be invested in this scheme and there is no last limit to invest.
If you are 18 years of age or above, then single or joint account can be opened.
After investing, you will not be able to withdraw money from this account for at least two and a half years.
Income tax exemption is also available in the scheme of Kisan Vikas Patra.
Rules for purchase of Kisan Vikas Patra
KVP certificates can be purchased by an adult for himself and for a minor by two adults. Apart from this, they can also be transferred from one person to another and can also be transferred from one post office to another post office. Post office rules permit that KVPs can be encashed after two and a half years of purchase.