Kisan Vikas Patra Scheme is being run by the Indian Post Office. Farmer brothers and sisters can deposit their savings money in this post office scheme and get good returns on it.
New Delhi: Many schemes are being run by the government to make the farmers of the country financially capable. One of these schemes is Kisan Vikas Patra. This scheme is being run by the Indian Post Office. Farmer brothers and sisters can deposit their savings money in this post office scheme and get good returns on it. The most important thing about this scheme is that after a time your money gets doubled.
This scheme is for special farmers
It is quite clear from the name of this scheme of Indian Post that it is being run especially for the farmers. However, despite this, any other person can also invest in this post office scheme. In this scheme of post office, investment can be made by purchasing Kisan Vikas Patra Certificate. The minimum amount to invest is Rs 1,000. Also, you can deposit money in it as much as you want. But on depositing more than 50 thousand money, PAN card will have to be given.
The amount will double in so many days
The Kisan Vikas Patra scheme of Dikghar offers an interest rate of 6.9 per cent per annum. The interest is given on the basis of compound interest annually. The biggest advantage of this scheme is that within 10 years 4 months your deposit amount will double.
Who can open account
Any Indian who is above 18 years of age can get his account opened under the Kisan Vikas Patra Scheme of the Post Office. If a guardian wishes, the account of a minor can also be opened.
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