Kisan Vikas Patra Scheme | Want to get returns on your investment without risk? However, this scheme is correct for you. You can double your investment by investing in this scheme. Learn how.
1. The risk is high if you want to invest in the stock market. Investing in mutual funds has not yielded big returns lately. That is why the common people are focusing on the savings schemes that guarantee guaranteed returns. Government savings schemes give guaranteed returns. Predict how many returns will come. (Symbolic image)
2. There is also an understanding of how much the returns will come if you invest in such things. Get good returns. One such scheme is Kisan Vikas Patra-KVP. It is a government savings scheme. Those who invest in this scheme will get a certificate. The total investment will double in 10 years and four months, i.e. a total of 124 months. (Symbolic image)
3. Join Kisan Vikas Patra-KVP Scheme at any post office in India. Whether it is Kisan in the name or not is a scheme for farmers. But anyone can join in on this. Kisan Vikas Document Certificate can be obtained with a minimum of Rs.1,000 certificate. The maximum can be invested anywhere. However, for investments above Rs 50,000, PAN card details are required. (Symbolic image)
4. Currently Kisan Vikas Patra Scheme earns 6.9 per cent interest. How much will be returned at the time of maturity only when you take the certificate. This means that even if interest rates fall, there will be no change in your returns. You will get as much as you have in the certificate at maturity. That is why Kisan Vikas document is considered as a safe investment. (Symbolic image)
5. Anyone over the age of 18 can get a Kisan Vikas document certificate. There is no maximum age limit. Miners can also join the scheme. However the account will be in the name of the parents or guardians. Only those in India are allowed to join the scheme. Trusts can also join the scheme. However companies are not allowed. (Symbolic image)
6. It is possible to withdraw money from Kisan Vikas document before maturity. However, if the money is withdrawn within a year, no interest will be charged. Will have to pay a penalty over. There is no penalty for withdrawing money between one and two and a half years. But the interest comes low. There is no penalty if the money is withdrawn after two and a half years. The interest also does not decrease. (Symbolic image)
