Invest in this one time investment scheme, the money will be double as soon as possible, see what is the plan

Kisan Vikas Patra Scheme In Post Office : If you have made a plan to invest money in the long term, and you also want a good profit. So the most trusted post office for you is the Kisan Vikas Patra (KVP) scheme. Where your money will be safe as well as you will get double returns on maturity. Kisan Vikas Patra is a one time investment scheme of the Government of India, where your money doubles in 10 years.

Kisan Vikas Patra Scheme
You get 7 percent interest on investing in Kisan Vikas Patra Scheme. In this, you get double the investment money in 123 months. If you put a lump sum of Rs 1 lakh, you get Rs 2 lakh on maturity. The maturity period of this scheme was 124 months which is now 123 months. This scheme does not come under the Income Tax Act 80C. Meaning you have to pay tax in it. Also, TDS is not deducted in this scheme.

will get benefit like this
You can take advantage of this scheme by visiting all the post offices and big banks of the country. Its maturity period has increased from 124 months to 123 months now. The minimum investment you can make in this is Rs 1000. There is no maximum investment limit.

Must have this document
Let us inform you that this plan has been made keeping in mind the particular farmers. In this, they get good returns of their money for a long time. To invest in this scheme, you need Aadhar Card, PAN Card, Voter ID Card, Driving License, Passport, KVP Application Form, Address Proof and Birth Certificate.

News Reels

Some important things related to the scheme, which you should keep in mind

• The minimum age of the person investing in Kisan Vikas Patra (KVP) is 18 years. In addition to a single account, there is also the facility of a joint account.
• Investments can also be made in this scheme in the name of minors. Which has to be supervised by the parent.
• This scheme is also applicable for Trusts except Hindu Undivided Family i.e. HUF or NRI. You can invest a minimum of Rs 1 thousand in this.
• There is no limit on the maximum investment.
• Kisan Vikas Patra can be encashed after two and a half years from the date of issue.
• KVP can also be transferred from one post office to another post office.
• Kisan Vikas Patra can be transferred from one person to another. Nomination facility is available in KVP.
• Kisan Vikas Patra is issued in the form of a passbook.

read this also

Property Update: Home buyers upset in Noida, confusion over the registry of flats, know what is the whole matter