There are many schemes available for good savings in the post office. Among these, a special scheme of the Government of India is the Kisan Vikas Patra (KVP) scheme. You will be able to invest under this scheme in the post office. Let us tell you that in this, more interest than FD and your money will also double in 124 months. Farmers can also get compound interest on investment in Vikas Patra Scheme.
According to the information given on the website of India Post, the facility to invest in Kisan Vikas Patra is available in more than 1.5 lakh post offices of India Post across the country. Kisan Vikas Patra is a one time investment scheme of the Government of India. According to the information, you can also make a minimum investment of Rs 1000 and there is no limit on the maximum investment.
It can be a personal or a joint account and a nominee can also be added to it. The maturity (lock-in) of Kisan Vikas Patra can be en-cashed after 30 months i.e. two and a half years from the date of issuance of KVP certificate. This scheme does not come under the Income Tax Act 80C.
apply like this
Aadhar card, residential proof, to invest in Kisan Vikas Patra Scheme of Post Office
Carry the KVP application form, age proof, passport size photograph and mobile number with you.
first published:Jan. 21, 2022, 5:42 p.m.