Kisan Vikas Patra: Your money will be doubled in this scheme of Central Government! Know every detail
Kisan Vikas Patra: Under this scheme of Central Government you have to buy Kisan Vikas Patra certificate. You can purchase this certificate from any post office. The scheme also provides income tax exemption.
New Delhi: Kisan Vikas Patra: If you are thinking of investing in a government scheme for the future, this news can be very useful for you. In fact, there are many good options for those who make small or small savings at the post office. One of these is Kisan Vikas Patra Yojana.
Kisan Vikas Patra may be a better option for you. The specialty of this scheme is that it offers the benefit of compound interest. With these benefits, the plan offers great returns. In this article, we are giving you all the necessary information regarding this wonderful scheme.
Find out what is Kisan Vikas Patra Yojana
Indeed, under this scheme of Central Government you have to buy Kisan Vikas Patra Certificate. You can purchase this certificate from any post office. A single or joint account can be opened if the investor is 18 years of age or above. You can buy it at 1000, 5000, 10,000 and 50,000. After its maturity, you can get the deposit through post office.
Can also be used as a guarantee,
If you pay Rs. If you want to invest Rs 50,000 or more, you have to share the details of PAN card. If you want to take a loan, you can also use Kisan Vikas Patra as a guarantee. The scheme also provides income tax exemption.
Facility to transfer from one branch to another
Its specialty is that you get the facility to transfer from one branch to another. That is, if you have to change the city for any reason, you can transfer the plan to a new location near your nearest post office.
Double the original amount
In Kisan Vikas Patra Yojana, your money is doubled in a few years. That is, if you invest Rs 5 lakh in this scheme, the amount will go up to Rs 10 lakh in a few years. In addition, there is a government guarantee of your deposit.
Maturity period 10 years 4 months
Under this scheme you have to invest a minimum of Rs.1000. There is no limit to the maximum investment. Its maturity is 10 years and 4 months.
The special condition of Kisan Vikas Patra Yojana is that
In Kisan Vikas Patra you will get interest benefit at the rate of 6.9%. Under this scheme your money will be doubled in just 124 months. Let me tell you that a person who invests in this scheme will not get interest benefit if he withdraws the development letter within one year of purchase.
At the same time, if necessary, you can withhold your money up to 124 months in advance, but there is a condition for this. The condition is that you can cash the Kisan Patra only after 30 months of lock-in period i.e. two and half years investment.
05-Mar-2025