Kisan Vikas Patra will now have twice the sum of money, Authorities has given data – Kisan Vikas Patra Eligibility Options Curiosity Charges Returns Curiosity Fee minimize on Kisan Vikas Patra

There is great news for those who invest in the Kisan Vikas Patra. The government has reduced the interest rate on the Kisan Vikas Patra, which is included in the small savings scheme. Along with that, it will take more time to double the money. The amount invested in KVP will now double in 9 years and 5 months. So far the amount invested in KVP is doubled in 9 years and 4 months. In view of the decline in interest rates, the government has extended KVP's maturity period a month.

Money will take about 1 month to double

While revising the Kisan Vikas Patra Rule, 2014, the Finance Ministry said that the amount kept in KVP will be doubled from 9th July, 2012 ie 113 months. So far it is 9 years and 4 months i.e. 112 months.

Interest rate reductionFor the September quarter, the interest payable on the Kisan Vikas Patra has been reduced to 7.6 percent. It was 7.7 percent in the period April-June. Government revises interest rates on products of small savings every quarter.

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Such investment canAny person can invest in KVP in multiples of 1,000 rupees. KVP is issued for Rs 1,000, Rs 5,000, Rs 10,000 and Rs 50,000. KVP is sold from the post office.

KVP can be known when roasted

KVP certificates can be redeemed within two and a half years after the date of issue. Before half-a-year after the maturity period, on the return of KVP, every 1,000 rupees will get an investment of Rs 1,173. After reducing the KVP after three years, Rs. 1,211 will be given on every 1,000 rupees and after the last three and a half years, Rs. 1,251 will be given for every 1,000 rupees. Investment in KVP will double in nine years and five months.

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