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There are various small financial savings schemes within the submit workplace. You can begin investing even with a small quantity. There may be one such particular scheme wherein the cash is doubled. Sure, we’re speaking about Submit Workplace Kisan Vikas Patra. It is a scheme wherein your cash might be doubled. Since this can be a small financial savings scheme of the Authorities of India, it is usually thought of very protected. Presently, 7.5 % annual curiosity is being supplied on funding on this scheme.
Who can open KVP account
In response to the official web site of the submit workplace, a single grownup can open an account to take a position on this scheme. In order for you, as much as three folks can open a joint account. Not solely this, a guardian on behalf of a minor or an individual of unsound thoughts and a minor above 10 years of age may also open a submit workplace Kisan Vikas Patra account in his personal identify.
Begin investing with a minimum of Rs 1000
Funding in Kisan Vikas Patra Scheme can begin with a minimal of Rs 1000. You may make investments any quantity in multiples of 100. There isn’t a most restrict on this. Any variety of accounts might be opened underneath this scheme. The deposits will mature on the maturity interval prescribed by the Ministry of Finance every now and then, which is relevant on the date of deposit. On this scheme the funding quantity doubles in 115 months (9 years and seven months).
Account shall be closed solely earlier than maturity
In response to the official web site, Kisan Vikas Patra account might be closed earlier than maturity solely underneath sure circumstances. Single account or joint account might be closed on the loss of life of anyone or all of the account holders. Additional, it may be closed by the mortgagee being a Gazetted Officer upon seizure or when there’s a court docket order. This account might be closed after 2 years and 6 months from the date of deposit.
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2024-03-07 02:47:04
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