Kisan Vikas Patra KVP The plan will double your money
If you want to double your money, then you can invest in post office Kisan Vikas Patra KVP scheme.
Investing in this post office scheme guarantees investors their money and good returns. The scheme has a repeat of interest rates and investments on a quarterly basis fixed by the government. According to India Post's website, the maturity period in the Kisan Vikas Patra is 124 months. This means that the customer's investment in the scheme will now double in 124 months i.e. 10 years and 4 months.
- The interest rate has been fixed at 6.9 percent as of September 30
- Customer investment will double in 10 years and 4 months
- Investors secure their money and guarantee a good return
In Kisan Vikas Patra, the investor must be 18 years of age. It also includes a single account and a joint account. The scheme is also available to minors, but their focus will be on their parents. The trust is being applied to a trust excluding a Hindu undivided family ie HUF or NRI. Kisan Vikas Patra has certificates up to 1 thousand, 5 thousand, 10 thousand and 50 thousand. That can be purchased
Know how much interest you will get
For the Kisan Vikas Patra, the interest rate has been fixed at 6.9 percent as of September 30 of the second quarter of FY 2021. Your investment here will double in 124 months. You can invest 1 lakh at a time. You will get 2 lakhs on maturity. The maturity of the scheme is 124 months.
Kisan Vikas Patra can be transferred from one post office to another. The farmer development character can be transferred from one person to another. The Kisan Vikas Patra is presented in the form of a passbook.
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There is no limit to investment so there is a risk of money laundering. For this, the government has made PAN card mandatory in 2014 for investments above Rs 50,000. If you invest 10 lakh rupees or more, then income proof will also have to be submitted. In which ITR, salary slip and bank statement have to be given. Also, Aadhaar card has to be given as an identity card