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Hello friends, welcome to our blog Earn Money Bangla. We have already discussed various investment schemes of Post Office in this blog. Today, we have returned with such an investment scheme. In today’s post we are going to discuss about Kisan Vikas Patra or KVP Scheme of Post Office. So, to know all the details about Post Office KVP Scheme, read this post completely.
What is Kisan Vikas Patra (KVP) Scheme of Post Office?
Through the post office’s Kisan Vikas Patra or KVP scheme, an investor can buy Kisan Vikas Patra or KVP certificate from the post office and keep it with him. If the investor return this certificate to the post office after the maturity period, he/she will get the money back with the interest received on the invested amount.
Who can apply for Kisan Vikas Patra (KVP) Certificate from Post Office?
- Any Indian citizen.
- joint account may be opened by maximum of three Indian citizens.
- His/her guardian on behalf of a minor.
- His/her guardian on behalf of a mentally ill person.
- Any minor above 10 years of age can apply for Kisan Vikas Patra Scheme from the post office in his/her own name.
KVP interest rate in Post office
- At present the interest rate on Post Office Kisan Vikas Patra or KVP Scheme is 7.5%.
- In this case, interest is payable at a compounded rate every year.
- The money invested in this scheme, becomes double in 10 years 4 months or 124 months.
Post Office KVP Calculator
If you buy a KVP Certificate of Rs. 10,00,000 from post Office, it will become 20,00,000 in 10 years 4 months or 124 months.
Minimum amount needed to buy KVP certificate from post office?
- You can buy KVP certificate from Post Office with a minimum of Rs.1,000.
There is no set limit, which means you can buy KVP certificates for as much money as you want.
Maturity period of Post Office KVP Certificate Scheme
- Post office KVP certificate matures in 10 years and 4 months.
Can anybody get his/her money back by submitting KVP certificate before maturity?
- You can get your money back by depositing KVP certificate at the post office after 2 years and 6 months of purchasing the KVP certificate.
How to buy KVP certificate from Post Office?
- Step 1: – Go to your nearest post office and tell the person in the counter that you want to apply for KVP or Kisan Vikas Patra Scheme. Then, you will be given an application form.
- Step 2: – Fill in all the information in the application form.
- Step 3: – Arrange the following documents. These will be required while submitting the application form. These documents are –
- Aadhaar card
- PAN card
- Two copies of passport size photo.
- Step 4: – Then submit these documents along with the application form to the counter.
- Step 5: – Deposit the amount.
After that Kisan Vikas Patra or KVP will be allotted in your name.
Apart from this, if you have any questions or doubts regarding Post Office’s Kisan Vikas Patra Scheme or any other financial issue, please let us know in the comment box or email us at [email protected] and if you like this post, share it with others and give others a chance to know.
Also Read: –
Post Office Monthly Income Scheme | Post Office MIS Interest Rate 2022 | Post Office MIS
Post Office National Savings Certificate Scheme | Post Office NSC Scheme