New Delhi: Publish Workplace Schemes are thought-about a great possibility for traders who’ve low danger urge for food however search assured returns.
A correctly chosen possibility is unquestionably going to make us reap long run advantages. One such funding possibility from the big range of Publish workplace financial savings schemes is the Kisan Vikas Patra whereby your cash doubles in 124 months or 10 years.
Maturity interval and rates of interest of Kisan Vikas Patra
Since April 01, 2020, traders are being given rates of interest of 6.9 p.c compounded yearly. The quantity you’ll put money into Kisan Vikas Patra doubles in 124 months (10 years and 4 months).
Account restrict of Kisan Vikas Patra
When you want minimal of Rs 1,000 and in multiples of Rs 100 there isn’t a most restrict for investing in Kisan Vikas Patra.
Kisan Vikas Patra certificates might be bought by the next:
(i) a single grownup
(ii) Joint A Account (Most 3 adults)
(ii) Joint B Account (Most 3 adults)
(iv) Minor above 10 years of age
(i) An grownup on behalf of a minor.
(ii) A guardian on behalf of an individual of unsound thoughts
Kisan Vikas Patra is being issued within the form of Passbook. It may be bought from any Departmental Publish workplace. The power of nomination can also be obtainable. KVP Certificates might be transferred from one individual to a different and from one submit workplace to a different. Certificates might be encashed after 2 & 1/2 years from the date of problem.