Kisan Vikas Patra: You can start investing in Kisan Vikas Patra with a minimum of Rs 1000 and you can deposit the maximum amount.
Kisan Vikas Patra: Kisan Vikas Patra is a very popular scheme and many people invest in it. Kisan Vikas Patra is a scheme in which money doubles in 10 years. Along with good returns in Kisan Vikas Patra, it also gives flexibility to the investors.
Know more about KVP
Out of many schemes of the Post Office, the only scheme to give money double in 124 months is Kisan Vikas Patra. The best part with this is that it does not require much calculation. In this, you can start investing with a minimum of Rs 1000 and you can deposit the maximum amount.
The benefit of investing in
- the scheme is currently getting 6.9 percent interest in
- this scheme, investment can be made in this scheme with Rs 1000 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.
Keep in mind while purchasing Kisan Vikas Patra
KVP certificate can be purchased by an adult for himself and for a minor can be bought 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.
