If you are planning to invest money then you have many options available. For example, some investments are considered to be high risk, but they start getting good returns.
On the other hand, in some investments, the risk is considered absolutely zero and the returns also start getting good. Now if you are looking for options that are going to give good returns at zero risk, then you can take advantage of post office saving schemes after investing in Kisan Vikas Patra.
According to the information, if government guarantee starts on Kisan Vikas Patra scheme, then this scheme is very safe in this respect. Also good returns are also available. Let us know about this scheme in detail.
What is Kisan Vikas Patra
The duration of Kisan Vikas Patra Scheme is 10 years and 4 months. If you have invested in this scheme from 1st April 2022 to 30th June 2022, then the lump sum deposited by you doubles in 10 years and 4 months, which gives you the benefit. In this scheme, compound interest of 6.9 percent starts accruing annually.
You can invest as much as you want
If you are planning to buy Kisan Vikas Patra Certificate with a minimum investment of Rs 1,000, then there is no limit to invest money in it. That is, you can take advantage by investing as much as you want.
This scheme was started in 1988 which was earlier made only for the farmers. But now everyone can take advantage after opening it. Let us tell you that if you are investing more than Rs 50,000, then it is considered important to submit your PAN card.
On the other hand, if you have invested more than 10 lakhs, then it is necessary to tell the source of income, such as ITR, salary slip and bank statement etc. Apart from this, it is also considered important to give your identity card.
These cards are necessary
To open this account, you start needing identity proof such as Aadhar Card, PAN Card, Voter ID Card, Driving License and Passport. You can take advantage of single or joint account after opening the account according to your need.
