Kisan Vikas Patra Yojana
The Kisan Vikas Patra Yojana is a central government scheme that not only ensures safe deposit but also provides good returns. Deposits earn a fixed return, with an annual interest rate of 7.5%. Investing in this scheme is low-risk, and the investment amount doubles within 115 months, or approximately 9 years and 7 months. Let’s learn all the details about this scheme.
What is the Kisan Vikas Patra Scheme?
This is a secure government scheme that ensures complete protection of your invested funds. You can start with a minimum of ₹1,000. Currently, you earn an annual interest rate of up to 7.5%, and your money doubles in 9 years and 7 months, or 115 months. If you want to double your money over the long term and choose a safe investment, you can invest in this scheme.
Who can invest in the Kisan Vikas Patra Scheme?
- Any Indian citizen aged 18 years or older can invest in this scheme.
- For minors, their parents or legal guardians can invest.
- Investments in this scheme can also be made through trusts.
Who cannot invest?
- NRIs cannot invest in this scheme.
- Hindu Undivided Families cannot invest in this scheme either
Benefits of Kisan Vikas Patra (KVP)
- Kisan Vikas Patra (KVP) is a government-backed scheme that offers guaranteed returns.
- Your money deposited in this scheme grows steadily, and you receive a high return upon maturity.
- It is a safe investment option because it is government-backed, making it easy and secure to invest.
- The money you invest in this scheme doubles in 9 years and 7 months.
- Opening a scheme is very easy; you can purchase it from any post office or authorized bank branch.
- You can start investing with a minimum of ₹1,000.
- You can withdraw your deposited amount after two and a half years at a fixed rate.
- It also offers transferability, allowing you to transfer your KVP certificate from one post office to another.
How to invest in Kisan Vikas Patra Yojana
To invest in Kisan Vikas Patra Yojana, you can go to any post office or authorized bank and fill Form A, for which you may need personal information, KYC documents (Aadhar card, PAN card) etc., in which you can make payment through cash, cheque, demand draft or pay order, after this you will get KVP certificate.
