The maximum vital factor about Kisan Vikas Patra Scheme is that compound pastime is to be had on it. In this fashion traders get the advantage of compounding within the scheme. You can get started making an investment on this scheme with a small quantity of simply Rs. There isn’t any most funding restrict on this. The facility of Kisan Vikas Patra (KVP) can also be availed in additional than 1.5 lakh put up places of work within the nation.
getting such a lot pastime now
Currently, 6.9 % pastime is being to be had on this scheme (Kisan Vikas Patra). The rate of interest appropriate on Kisan Vikas Patra (KVP) would possibly exchange once in a while in response to the bulletins made by means of the Finance Ministry and it’s anticipated that the rates of interest on it can be higher quickly. As in keeping with the present laws, KVP certificate can also be bought from public sector banks in addition to put up places of work in India. You should buy KVP certificates from Indian Post Office. Along with this, you’ll be able to purchase KVP utility shape on-line, from Indian Post Office and choose banks.
You can make investments with a thousand rupees
One thousand rupees can also be invested on this scheme (Kisan Vikas Patra) and there is not any final restrict to speculate. If you might be 18 years of age or above, then a unmarried or joint account can also be opened. After making an investment, you are going to no longer be capable of withdraw cash from this account for a minimum of two and a part years. Income tax exemption may be to be had within the scheme of Kisan Vikas Patra.
You can get the volume from any put up place of work
The adulthood duration of Kisan Vikas Patra is 10 years and four months. You too can withdraw cash earlier than adulthood in positive scenarios. After adulthood you’ll be able to get your cash from any put up place of work.