Kisan Vikas Patra (KVP) is also included in the small saving schemes of the post office. Let us know about this scheme in detail.
Kisan Vikas Patra (KVP) is also included in the small saving schemes of the post office.
If you are thinking of investing in the coming days, then Post Office Savings Schemes (Saving Schemes) can do in. You definitely get good returns in these schemes. Also, the money invested in it is also completely safe. if bank default (Bank Default) If it happens, then you get back only 5 lakh rupees. but the post office (Post Office) I am not like that. Apart from this, invest a very small amount in the savings schemes of the post office. (Investment) can be started. Kisan Vikas Patra (KVP) is also included in the small saving schemes of the post office. Let us know about this scheme in detail.
Rate of interest
In the Kisan Vikas Patra Scheme of the Post Office, at present, an interest rate of 6.9 percent is available on an annual basis. This interest rate is applicable from 1st April 2020. The interest in this scheme is compounded on an annual basis. By investing in this scheme, your money doubles in 124 months i.e. 10 years and 4 months.
A minimum investment of Rs 1000 can be made in this small savings scheme. In this post office scheme, you will have to invest in multiples of Rs 100. There is no maximum investment limit.
Who can open account?
In this scheme of post office, one adult and up to three adults can jointly open a joint account. Under this scheme, a guardian can also open an account from a minor or a person of weak mind.
The amount deposited in this scheme will mature on the period of maturity prescribed by the Ministry of Finance from time to time from the date of deposit.
Close the account before maturity
The account in Kisan Vikas Patra can be closed at any time before maturity subject to certain conditions. This account can be closed on the death of single account holder or all the account holders in the joint account. Apart from this, the account can be closed after 2 years and six months from the date of deposit or by court order.
read this also: Invest in equity funds for high returns, these schemes made big money for investors
read this also: 2.26 crore taxpayers got income tax refund, know how to check your status sitting at home
: Language Inputs