-It is issued in the form of certificates like bonds.
-There is a fixed profit (interest) on this.
-The interest rate varies from time to time.
-It can be purchased from any post office in the country
There is no limit to invest in Kishan Vikas Patra.
However your minimum investment is Rs. Should be 1,000.
You can invest any amount in multiples of Rs.
Who can benefit?
You can get Kishan Vikas Patra from any branch of Post Office spread across the country.
You can also take it for any child or teenager.
It can also be taken on the names of 2 people.
Benefits under the scheme
You can withdraw your investment, but you have to wait at least 2.5 years.
If you invest money in Kishan Vikas Patra, it can be doubled in 118 months, 9 years and 10 months at the current 7.7 per cent annual interest rate.
You also have the facility of nomination.
This certificate can be transferred from one person to another.
It can be transferred from one post office to another post office.
What evidence is needed?
- 2 passport photos,
- Identity card (ration card, Aadhaar card, voter identity card, passport etc.),
- Certificate of Residence (electricity bill, telephone bill, bank pass book etc.),
- If your investment is 50 thousand, PAN card is required at this stage