Submit Workplace Scheme: Cash is beneficial in unhealthy instances. That is why everybody ought to save to keep away from scarcity of cash. The federal government has run many schemes for financial savings. In such a state of affairs generally a dilemma arises as to which plan we should always spend money on. Which will probably be extra useful? Aside from this, it additionally worries that our invested cash must also be protected. In such a state of affairs, at this time we’re providing you with details about a particular scheme of the Submit Workplace, through which your cash won’t solely be protected however it should additionally double in a selected interval.
Kisan Vikas Patra Yojana: There are various such put up workplace schemes together with Sukanya Samriddhi Yojana, Senior Citizen Financial savings Scheme, Submit Workplace Public Provident Fund through which buyers get good returns. Amongst these schemes, one of many put up workplace schemes is Kisan Vikas Patra (KVP). Buyers on this scheme presently get curiosity at 6.9 per cent compound curiosity each year.
What’s KVP Scheme: The length of Kisan Vikas Patra Scheme is 124 months i.e. 10 years 4 months. When you have invested beneath this scheme, then after a sure date your quantity will double. Farmers should buy certificates as much as Rs 1000, Rs 5000, Rs 10000 and Rs 50000 as funding certificates in Vikas Patra.
Funding can begin from 1000 rupees: Whoever needs to take a position should buy Kisan Vikas Patra Certificates for the worth of 1000 rupees. Though there is no such thing as a most restrict to take a position on this scheme. That’s, you’ll be able to make investments as a lot cash as you need on this scheme. Buyers can lose single or joint account beneath this scheme. His cash will double in a sure time.
Who can make investments: The advantage of Kisan Vikas Patra Yojana will not be just for the farmers. Any Indian citizen can make investments on this scheme. Sure an NRI can’t avail of the S scheme. The phrase farmer used within the identify of this scheme is as a result of this scheme has been ready holding in thoughts the pursuits of the farmers.
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