Hey Buddy,
To understand, what is Kisan Vikas Patra scheme, you should know that the Kisan Vikas Patra (KVP) programme aims to encourage long-term savings and investment among the general public. It is appropriate for investors who are afraid of taking risks, have extra cash, and want guaranteed returns.
Use the NoBroker EMI calculator to determine your monthly mortgage payment (EMI) for a house loan. You might receive a stress-free home loan disbursement by using NoBroker's house loan services.What is Kisan Vikas Patra in post office?
Kisan Vikas Patra (KVP) is a flexible investment product supported by the government that is available as certificates. It is a fixed-rate small savings plan intended to double your investment after a set amount of time (124 months in the currently available issue). According to current regulations, KVP certificates can be obtained from a few public sector banks as well as India Post Offices.
Kisan Vikas Patra Based on the announcements issued by the Finance Ministry, interest rates may fluctuate from time to time. The current interest rate for KVP is 6.9% annually (FY 2022-23), which will cause your investment to double in value in 124 months.
The following qualifications must be met in order to invest in the Kisan Vikas Patra scheme:The applicant must be an Indian citizen who is of legal age.
A parent or guardian may invest on behalf of a child or someone who lacks capacity.
Non-Resident Indians (NRIs) and Hindu Undivided Families (HUFs) are not permitted to invest in Kisan Vikas Patra.
(Aadhaar card, PAN, voter ID card, driver's licence, passport) Identity evidence for the KYC procedure
KVP Application Form
Address Proof
Birth certificate
Where to Purchase a Kisan Vikas Patra Certificate?
KVP certificates are sold at all India Post Offices. Application forms are accessible online, in certain banks and India Post Offices. you can download the
Application formonline, after which you can submit it to the nearest post office.
I hope this suffices your query what is Kisan Vikas Patra scheme. I hope this helps:)
Read More:
How to buy Kisan Vikas Patra online? Is KVP taxable? What is the interest rate of Kisan Vikas Patra?Your Feedback Matters! How was this Answer?
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Authors Of The Question
What is Kisan Vikas Patra?
Samantha
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1 Answers
2 Year
2022-08-22T19:32:35+00:00 2022-08-22T19:32:36+00:00Comment
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