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Cash-back assure scheme, simply begin from 1000 rupees- Kisan Vikas Patra Eligibility Options Curiosity Charges Returns Know All the pieces in Hindi – jj
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Cash-back assure scheme, simply begin from 1000 rupees- Kisan Vikas Patra Eligibility Options Curiosity Charges Returns Know All the pieces in Hindi

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Post office Kisan Vikas Patra (KVP) savings scheme can prove to be better for you if you want to double your money. This scheme doubles your investment in just 118 months. You can start by putting only one thousand rupees in it. Explain that this is a kind of certificate that any person can buy. It is issued as a certificate like Bond. Its interest varies from time to time. If you invest Rs 50,000 in this, you will get a return of Rs 1 lakh.

Fast money is double- In this scheme, rupees are to be deposited in multiple of 1000 rupees. I.e. 1000 rupees, 2000 rupees, 3000 rupees or so on any other quantity. You have to give all the money in one go. That is, there is no system to deposit money every month or year. For example, if you have to do Rs 2 lakh for Rs 1 lakh, you will have to deposit 1 lakh rupees for the scheme, which will be 2 lakh rupees after 9 years 10 months. A passbook is also given for this account by the post office.

Let's learn all the essential things related to it …

(1) What is the Kisan Vikas Patra- There is a kind of certificate that any person can purchase. It is issued in bond form like Bond. There is a fixed profit (interest) on this. The rate of interest has been revised from time to time. It can be purchased from any post office in the country. From October 1, 2018 it is getting interest of 7.7 per cent.

(2) How much money would be required- There is no upper limit to invest in the Kisan Vikas Patra. However, your minimum investment should be Rs.1000. You can invest any amount of 1000 rupees in multiples. Meaning you can not invest 1500 or 2500 or 3500. Investment here will be in the order of 1 thousand, 2 thousand and 3 thousand. (Read also: SBI account holders get free at the ATM These 5 services)

(3) Who can buy- You can buy Kisan Vikas Patra from any branch of the post office spread across the country. You can buy it for a child, ie Minor. It can also be bought in the name of 2 people. (Read also: 9-year record of expensive electricity broke! Now this may have impact on the customers)

(4) How often can you withdraw money- If you want to withdraw your investment, then you have to wait for at least 2.5 years. Although Financial Experts advise long-term investments in this.

(5) How long does the double- If you invest money in the Kisan Vikas Patra, then it can be doubled in 118 months, 9 years and 10 months according to the current 7.7 percent annual interest rate.

(5) Which documents must be provided- 2 Passport size photograph, identity card (Ration card, voter identity card, passport etc.), residence certificate (electricity bill, telephone bill, bank passbook etc.), if your investment is more than 50 thousand, PAN card and Aadhaar card will be necessary. . (Government made it mandatory in October, 2017)

(6) What other facilities are available in this? You also have the facility of nomination in this government scheme. This certificate can be transferred from one person to another. It can also be transferred from one post office to another post office. It can also be bought online from some banks in the country.

(7) Tax benefits also get what- According to the website of Bank Market.com, you also get Tax Benefit on Kisan Vikas Patra. Tax is not deducted on the source in this scheme. Meaning you are not given the money of maturity TDS deduction. Also, this scheme does not come under the purview of Wealth Tax. However, you can not get the discount under 80c.

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