Kisan Vikas Patra: The government has started it keeping in mind the rural population. This scheme is available in all post offices and banks. Its form can also be downloaded online.
KVP account can also be opened online
According to the information available on the post office website, those investing in the Kisan Vikas Patra Yojana (KVP Scheme) get an excellent annual return of 6.9 percent. Under this scheme, an account can be opened even by investing only one thousand rupees. This scheme can be availed by visiting any post office. For this you just have to fill a form. The form of the scheme can also be downloaded online.
Loan facility is also available on KVP
The maximum amount that can be invested under this scheme is Rs. Its special thing is that you can also take loan on KVP by pledging Kisan Vikas Patra. Under this, you can also open more than one account. Any person who is above 10 years of age is eligible to take advantage of this scheme. In the name of children below the age of ten years, their guardians can open an account of this scheme.
Banks also give Kisan Vikas Patra
This plan also gives the facility to transfer the account from one person to another, subject to certain conditions. You can close the Kisan Vikas Patra prematurely after two and a half years of submission. Apart from the post office, banks also provide the facility of Kisan Vikas Patra Scheme.
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