Kisan Vikas Patra
Kisan Vikas Patra is a scheme
which is also known as Saving Scheme.
It was launched in the year 1988 by the
Indian Post. The scheme under Kisan Vikas Patra was that it doubles the money
invested in Eight years and seven months. The persons can be encashed their
amount of money after 2 and a Half Years from the date of issue.
Through the KVS Scheme it does
not meant that only “Kisan” (Farmer) can buy this saving certificate but that
the revenue earned by this scheme will be used by the Government of India in
welfare of Farmers. So, anyone can invest their money and can save their money under
the Kisan Vikas Patra Scheme.
Here the people can get the
information and knowledge about the Kisan Vikas Patra Yojna as how to invest,
who can invest, eligibility for investment.
How to Invest?
- Buy the Kisan Vikas Patra application form from any Post Office of India.
- Then fill the form with photographs and
- Deposit the amount through cash, Demand Draft or Cheque.
- Then the Post Office will issue Kisan Vikas Patra Certificate with the scheme holders name, amount, date of maturity etc.
Who can invest?
- Member must be Citizen of India
- Should be Adult
- Trust can also invest in KVP.
- Two Adults can jointly buy KVP
Not Eligible for
Kisan Vikas Patra:
- NRI’s or Hindu Undivided Family
- Company, Institutes, organizations etc
Other Details about
KVP Scheme:
- Minimum deposit Rs 1000/- and no maximum limit.
- KVP can be purchased from any Departmental Post office.
- Facility of nomination is available
- Certificate can be transferred from one person to another and from one post office to another.
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