Post Office – KVP Yojana : Your money will double in the scheme, how much will you invest.
Post Office – KVP Yojana : Post Office has brought you an excellent scheme! In which your money will double in just 3 months! If you too are planning to double your money through any government scheme, then this is a great opportunity! And the name of this scheme is Kisan Vikas Patra (Kisan Vikas Patra) and the central government has increased the interest rates of this government scheme (Post Office KVP Scheme) in the new year!
The minimum investment limit of this scheme is 1000 rupees! In this scheme, the Post Office can be invested in any branch of Kisan Vikas Patra scheme. Anyone can invest in the name of Kisan Vikas Patra! To invest in the scheme you must have an identity card like Aadhaar Card, PAN Card, Voter ID Card, Driving License and Passport! There is no limit to investment in KVP Yojana (Post Office KVP Scheme)!
To avoid this, the government has made PAN card mandatory for investments of more than 50,000 rupees! Whereas, investment of 10 lakh or more, who have to submit income proof, which includes ITR, salary slip and bank statement! Kisan Vikas Patra (Kisan Vikas Patra) is not only for farmers but for all citizens!
Who can invest in this scheme : Post Office – KVP Yojana
Any Indian can invest in Kisan Vikas Patra, but his age should be above 18 years! There is no age limit for those who invest in Kisan Vikas Patra Yojana (Post Office KVP Scheme)! Under this scheme, parents can open an account in the name of their minor children too! NRI can not invest in KVP scheme! Kisan Vikas Patra (KVP) investors get 6.9 percent interest, compounded annually!
Kisan Vikas Patra ki Features Features
- This is a lump sum investment plan!
- Here the maturity period of Kisan Vikas Patra is 124 months!
- Investment in this scheme can be started from Rs. There is no maximum investment limit!
- KVP certificates are available in denominations of Rs 1000, Rs 5000, Rs 10,000 and up to Rs 50,000!
- PAN card is mandatory for investment of more than 50,000 rupees!
- If you invest 10 lakhs or more then you have to submit income proof including ITR, salary slip and bank statement!
- This (Post Office KVP Scheme) scheme does not get tax exemption under Section 80C of Income Tax, but no tax is charged on the withdrawal after maturity!
- You can withdraw the amount on maturity, but there is a lock-in period of 30 months!
How to Get Double Money – Kisan Vikas Patra Double Money
Kisan Vikas Patra (Kisan Vikas Patra) After maturity, you can go to any post office and take double the deposited amount! For this you have to show your identity slip, which is given to you while depositing money! If you don’t have this slip then you have to go to the same post office where you bought this plan!
Can withdraw before time, but
Farmers who invest in Kisan Vikas Patra (Kisan Vikas Patra) can withdraw their money even before maturity! If you withdraw money within one year of investment, then you will not be given any interest! Also, investors will be fined! On the other hand, if you return the KVP certificate between one and a half to two and a half years, then you will not have to pay any penalty.
Account Opening Method : Post Office – KVP Yojana
You have to go to the post office to open an account! This KVP Account (KVP Account) to open it! For this you must have an identity card like Aadhaar Card, PAN Card, Voter ID Card, Driving License and Passport! Kisan Vikas Patra (Kisan Vikas Patra) can be opened both single and joint! Parents can also open an account for their little child!
Kisan Vikas Patra
Any citizen above 18 years of age can invest in this KVP Scheme! Apart from this, any parent can get KVP done on the basis of a minor! You can start with a minimum investment of 1,000 rupees in Kisan Vikas Patra Yojana (Kisan Vikas Patra)! And there is no maximum investment limit! By investing in this scheme of Post Office, you get income tax exemption under Section 80C of Income Tax!