You will get double the money on investment in this scheme, know here

Kisan vikas Patra Apply Online : All the investors want to invest their hard earned money in such a place which also gives better returns. Also keep your investment safe! For safe investment and better returns, the Kisan Vikas Patra Yojana of the Post Office can prove to be very beneficial for you! Your investment in Kisan Vikas Patra (KVP) in Post Office Savings Schemes is not only safe but also earns more interest as compared to other schemes!

Kisan vikas patra Apply Online

Kisan vikas patra Apply Online

The amount deposited by you under Kisan Vikas Patra Yojana doubles in 10 years 4 months i.e. 124 months! Interest is available on Kisan Vikas Patra Yojana at the rate of 6.9 percent per annum. That is, if you invest one lakh rupees in Kisan Vikas Patra (KVP) for such a period! So you will get 2 lakh rupees after maturity.

Banks and post offices (India Post) offer many small savings schemes keeping in mind the low income people. Keeping in mind the rural population, the government has also started such a scheme. Kisan Vikas Patra Yojana, available in all post offices, doubles the investment in 124 months!

KVP account can also be opened online

According to the information available on the website of the Post Office, those investing in the Kisan Vikas Patra Yojana (KVP Scheme) get an excellent annual return of 6.9 percent! Account can be opened under this scheme by investing only one thousand rupees. This scheme can be availed by visiting any post office (India Post). All you have to do is fill out a form! The form of Kisan Vikas Patra Yojana can also be downloaded online!

Loan facility is also available on KVP

This Kisan Vikas Patra Scheme ( Kisan vikas Patra Yojana ) The maximum amount that can be invested under Rs. Its special thing is this! That you can take loan on KVP even by mortgage of Kisan Vikas Patra! Under this you can open more than one account. Any person above 10 years of age is eligible to take advantage of this scheme. In the name of children below the age of ten years, their parents can open this KVP account.

Proof to be given on investment of more than 50,000

PAN card has been made mandatory for investments above Rs 50,000. If you invest 10 lakh rupees or more, then income proof will also have to be submitted. Like income tax return, salary slip and bank statement. Apart from this, Aadhaar PAN also has to be given as an identity card.

Kisan vikas Patra Apply Online even in the name of minor

Under this Kisan Vikas Patra Yojana, any Indian person who is above 18 years of age can open his account in it. However, there is no upper age limit to open the account! But Kisan Vikas Patra Certificate (KVP) can be purchased in the name of minor.

You can take loan by mortgage.

Kisan Vikas Patra Scheme ( Kisan vikas Patra Yojana) You can also take a loan from any bank by keeping the certificate of investment in the bank as a mortgage.

Kisan vikas Patra Apply Online No Tax Exemption

It is very important to know one thing that you do not get the benefit of any tax exemption by investing in Kisan Vikas Patra. Because it is available in PPF or NSC.

Transfer facility is also available

Kisan Vikas Patra can be redeemed even after two and a half years from the date of issue. KVP can also be transferred from one post office to another post office (India Post). Kisan Vikas Patra can also be transferred from one person to another. Nomination facility is available in KVP. Let us tell you, Kisan Vikas Patra Scheme was started in 1988. Its purpose was to double the investment of farmers. But now any citizen of India can invest in this Kisan Vikas Patra Yojana.