Scheme And Subsidyvyaapaar samachar
Kisan Vikas Patra Yojana: Double Your Money!
The Kisan Vikas Patra is a one-time investment scheme issued by the Government of India, where your money doubles in a set period of time. Kisan Vikas Patra is present in all post offices and big banks of the country. Its maturity period is currently 124 months. The minimum investment in this is 1000 rupees. There is no maximum investment limit. This plan has been specially made for the farmers, so that they can save their money on long term basis.
Who can invest
The age of the investee in Kisan Vikas Patra must be at least 18 years.
It has the facility of a joint account in addition to a single account. At the same time, this scheme also exists for minors, which the guardian has to supervise.
The scheme is also applicable to trusts except Hindu undivided family ie HUF or NRI.
In the form of certificate
KVP has certificates up to Rs 1000, Rs 5000, Rs 10,000 and up to Rs 50,000, which can be purchased.
Interest rate and maturity
The government has fixed an interest rate of 6.9 per cent for the first quarter of FY 2021 for the small savings scheme KVP. In this sense, your investment will double in 124 months. That is, if you invest Rs 10 lakh in lump sum then you will get Rs 20 lakh on maturity. The 124-month scheme has a maturity period.
Identity proof, Aadhar card, PAN card, Voter ID card, Driving license, Passport for KYC process.
KVP Application Form
Address proof, date of birth certificate.
How to open account
For this, you can open an account by going to any post office nearby and filling the form. Apart from this, the form can also be downloaded online.
The full name, date of birth and address of the nominee should be written on the form.
The amount of purchase amount must be clearly written in the form.
The amount of the KVP form can be paid through check or cash.
If paying through check, please write the check number information on the form.
Explain in the form KVP single or joint 'A' or joint 'B' membership, on what basis it is being purchased.
If it is purchased in the form of joint, then write the names of both the beneficiaries.
If the beneficiary is a minor, then write his date of birth (DOB), parent's name, guardian's name.
On submission of the form, a farmer development certificate will be provided along with the beneficiary's name, maturity date and maturity amount.
Source: vyaapaar samachar
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