Actually, the post office had issued a notification on August 18, 2022. According to this, post office customers who have registered for Internet Banking can now open and close NSC and KVP online. Now you can take advantage of these schemes even sitting at home.
New Delhi. In today’s fast paced digital world, the trend of online has increased rapidly. Now there are many such policies which are being found online. In such a situation, now you do not have to make rounds of any government office. Let us tell you that the post office has started online service for schemes like Kisan Vikas Patra (KVP), National Savings Certificate (NSC).
Actually, the post office had issued a notification on August 18, 2022. According to this, post office customers who have registered for Internet Banking can now open and close NSC and KVP online. Now you can take advantage of these schemes even sitting at home. For this you need to have internet connection.
Internet banking is necessary
Please note that internet banking is necessary to avail this facility. Before opening an NSC or KVP account, a person has to take the facility of Department of Post (DOP) Internet Banking. Account holders using DoP Internet Banking of Department of Posts can open NSC and KVP accounts sitting at home. To open or close the account under this facility, one has to go to the Service Request of General Services option. After this the option of NSC and KVP account will come. Thereafter to open KVP account or NSC account, click on NSC account and Open KVP account.
What is National Savings Certificate (NSC)?
National Savings Certificate is a tax saving investment that can be purchased from any post office. It is backed by the Government of India, so it has assured returns and low risk. This is the reason why investors who do not want risk in investing like it very much. One can invest at least Rs 1000 in National Savings Certificate. There is no maximum investment limit in this. It gives guaranteed returns.
Maturity period is of 5 years
The maturity period of NSC is 5 years. It is currently getting 6.8 percent annual interest, which is more than FD. Investing in this also gets tax exemption under section 80C of the Income Tax Act. However, this exemption is available only on investments up to Rs 1.5 lakh. This scheme can be taken in any post office branch of the country.
What is Kisan Vikas Patra Scheme?
Kisan Vikas Patra (KVP) is a savings scheme provided by the Government of India. The KVP scheme offers substantial returns on the completion of its maturity period through high interest rates. This risk free investment scheme by the Government of India encourages its citizens to make long term savings. Any citizen of 18 years of age or above can invest in Kisan Vikas Patra. In this, the minimum investment amount is Rs 1000 and no limit has been fixed for the maximum investment.
