Kisan Vikas Patra Yojana, Interest Rate, Features, Benefits

Kisan Vikas Patra Yojana, Interest Rate, Features, Benefits, and Tax Calculator details check here. The Kisan Vikas Patra KVP Scheme, Eligibility, long-term investment, Maturity Year, Withdrawl and savings, and others all have been detailed in this article. Those readers who are unaware of the term Kisan Vikas Patra (KVP) need to check every aspect of it. This scheme has been introduced by the Indian Post first in 1988. This is basically a certification scheme. First, it was introduced for the farmers but later on made available for all. Any individual who is interested in long term savings can apply for Kisan Vikas Patra Online. Why is risk free and not subject to market risk? Well because it is a free sure investment. In this, you won’t face any risks whether whatever the market is at the point.

Kisan Vikas Patra Yojana

In the beginning, the tenure of KVP certificate maturity was nearly 110 months but now it has been exceeded to 124 months. The long period of 10 years 4 months was later on implemented to make every individual learn the core aspect of long term investment. According to the government, it will help in diminishing laundering from the market. Apparently, this might help in a great way if anyone can keep their amount for such a long period of time.

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The prime benefit of this Kisan Vikas Patra Yojana is that it doubles your invested amount over the tenure period. Now for instance, if you have invested 10,000 Rupees then around this time period you may get 20,000 Rupees. Individuals can purchase the certificate and avail of the Kisan Vikas Patra Scheme benefit. From a minimum of 1000 Rupees to no upper limit you can invest any amount under this scheme. But remember any amount exceeding 1 lakh rupees will come under surveillance. Your bank account details, salary slips, etc will be demanded in that case.

KVP Scheme Features and Benefits

The KVP is an investment scheme for everyone. If anyone is interested to get good returns on their savings then apply for it. Some Core Features of the Kisan Vikas Patra Scheme are given below, you need to check them before applying online.

  • Guaranteed Returns
  • No risks and affordability. When there is no risk then you can expect the guaranteed returns.
  • It is affordable.
  • There is no such bar on investment amount. Just starting from 1000 Rupees which can be afforded by any individual who is above 18 years.

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Eligibility Criteria of Kisan Vikas Patra

To avail of any scheme benefits whether it is government authorized or private you need to fall under the eligibility criteria of KVP. So what are the eligibility criteria of the same? You need to check it all in this article.

  • The purchaser should be a citizen of India.
  • The applicant should be of 18 years or above.
  • No minors are eligible to purchase KVP certificate. However any adult can purchase it on their behalf.

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Interest rates of KVP

With the historic interest rates over the years to the current Interest rate has been two different realms. From 7.8 percent of interest rate in 2016 to 17 has been decreased to 6.9 percent. Earlier the mature period was 110 months now it is 124 months. The Time Period wise Interest rates on KVP are given below.

Time PeriodInterest Rate of KVP
Q1 FY 2020-216.9%
Q2 FY 2020-216.9%
Q3 FY 2020-216.9%
Q1 FY 2019-207.7%
Q2 FY 2019–207.6%
Q4 FY 2019–207.6%
Q1 FY 2018-197.3%
Q2 FY 2018-197.3%
Q3 FY 2018-197.7%
Q4 FY 2018-197.7%

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There is the KVP a government scheme for investment purposes to get good returns. After checking all features you can plan to invest through this scheme.

FAQs About Kisan Vikas Patra Scheme, Benefits, Intraste Rates

Which scheme is better NSC and KVP?

The KVP scheme does not provide any tax deduction facility but NSC does provide it.

What if my KVP Certificate is destroyed or lost?

If it is destroyed or lost you can apply for the duplicate one.

Is the KVP certificate transferable?

Yes, it is. From one owner to combined owners.

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