Kisan Vikas Patra Yojana 2021: Kisan Vikas Patra, Interest Rate, Calculator, Tax Benefits

Kisan Vikas Patra Yojana 2021:-As you all know, the government keeps on launching various schemes to promote the habit of saving towards the citizens of the country. One such scheme is the Kisan Vikas Patra Yojana. To avail of this scheme, one has to invest in gender terms.

This scheme has been introduced for those who do not want to take risks. Today we are going to provide you all the important information related to Kisan Vikas Patra through this article. Like what is Kisan Vikas Patra Yojana ? its purpose, features, benefits, application process, etc. So friends, if you want to get all the important information related to this scheme, then you are requested to read this article till the end.

Kisan Vikas Patra Yojana 2021

This scheme is a type of savings plan. Which doubles the investment amount after the investment period. Under this scheme, you can apply to the bank or to the post office. In this plan, the investor has to invest for 10 years and 4 months (124 months) and after 124 months you will get double the money.

Kisan Vikas Patra Yojana 2020
Kisan Vikas Patra Yojana 2021

It is not necessary that only farmers apply under this scheme. Any citizen of India can apply under this scheme. Kisan Vikas Patra Yojana to purchase the KVP certificate for 2021. Whose minimum investment is ₹ 1000? There is no upper limit to this investment. You can invest as much as you want. Just keep in mind that if you invest more than 50,000 then you will have to give your PAN card details.

Kisan Vikas Patra Yojana Interest, Return and Withdrawal

The current interest rate under Kisan Vikas Patra Yojana 2021 is 6.9%. After 124 months you will be provided with double the investment amount at the rate of 6.9%. With this, the investor can withdraw prematurely from the Kisan Vikas Patra scheme. However, interest will not be provided if the investor has withdrawn within 1 year of purchasing the certificate.

The same penalty will also have to be paid. But if the withdrawal is made after 1 year of purchasing the certificate, then a penalty will not be paid but the rate of interest will be lower. If the investor withdraws after two and a half years, he will be provided interest at an interest rate of 6.9% and no penalty will have to be paid.

Key Highlights Of Kisan Vikas Patra Yojana 2021

योजना का नामKisan Vikas Patra Yojana
किस ने लांच कीभारत सरकार
लाभार्थीभारत के नागरिक
उद्देश्यदेशवासियों के प्रति बचत की भावना को प्रोत्साहित करना।
साल2020
निवेश की अवधि124 महीने
न्यूनतम निवेश₹1000
अधिकतम निवेशकोई सीमा नहीं
ब्याज दर6.9%
Official WebsiteClick here

Kisan Vikas Patra Yojana Minimum and Maximum Investment Limit

The minimum investment limit under Kisan Vikas Patra Yojana 2020 is ₹ 1000 but no maximum limit has been fixed. Under this scheme, if the investor invests more than ₹ 50000, then he will have to submit his PAN card details. Investment under this scheme is not related to market risks.

Objective of Kisan Vikas Patra Yojana

The main objective of this scheme is to encourage the spirit of savings among the citizens of the country. The investment amount will be doubled through this scheme. This will motivate more and more people to invest in this scheme and save. Under Kisan Vikas Patra Yojana 2020 will have to apply for 124 months and 6.9% interest will be provided on the investment. The economic condition of the people will also improve through this scheme.

Benefits and features of Kisan Vikas Patra Yojana 2021

Kisan Vikas Patra Yojana is a type of savings scheme. Under which the investor can double his investment by investing.

  • To double the investment, the investor must invest for at least 124 months.
  • The minimum investment amount under this scheme is ₹ 1000.
  • If the investor wants to invest 50000 rupees or more, then he has to submit his PAN card details.
  • Applications under this scheme can be made from the post office or bank account.
  • Kisan Vikas Patra Yojana 2020 can be transferred from one post office to another post office or from one bank account to another bank account.
  • The KVP form can be filled in check or cash.
  • On submitting the Kisan Vikas Patra Form, a Kisan Vikas Certificate will be provided containing the maturity date, beneficiary name, and maturity amount.
  • There is an interest rate of 6.9 percent under this scheme.
  • Under this scheme, the investor can withdraw at any time but if the withdrawal is within 1 year then no interest will be provided and a penalty will also have to be paid.
  • The Kisan Vikas Patra Yojana can also be used as a guarantee to get a loan.

Eligibility for Kisan Vikas Patra Yojana

  • To apply under this scheme, the applicant must be a permanent resident of India.
  • The applicant must be over 18 years of age.
  • If the applicant is a minor then his parents can invest in the scheme.
  • Hindu unified families or non-resident Indians cannot apply under this scheme.

Important documents of Kisan Vikas Patra Yojana 2021

  1. Aadhar Card
  2. residence certificate
  3. KVP Application Form
  4. Age certificate
  5. Passport size photograph
  6. mobile number

The process to apply online in Kisan Vikas Patra Yojana 2021

First of all, you have to go to the official website of that bank or post office from where you have to buy this plan.

  • Now the home page will open in front of you.
  • On the home page, you have to click on the link to the investment plan.
  • Now you have to click on the link of Kisan Vikas Patra Yojana.
  • After this, the application form will open in front of you.
  • You have to enter all the important information asked in this application form.
  • Now you have to attach all the important documents.
  • After that, you have to click on the submit button.
  • Thus you will be able to apply under Kisan Vikas Patra Yojana 2021.

Procedure for applying offline under Kisan Vikas Patra Yojana

  • First of all, you have to go to your nearest post office or bank.
  • Now you have to take the application form of Kisan Vikas Patra Yojana from there.
  • You have to enter all the information asked in this application form.
  • After this, you have to attach all the important documents.
  • Now you have to submit this application form to the same bank or post office.
  • In this way, you will be able to apply under the Kisan Vikas Patra Yojana.

Process to transfer Kisan Vikas Patra Yojana 2021

  • First of all, you have to go to the bank or post office from where you have taken the Kisan Vikas Patra Yojana.
  • Now you have to take the transfer form B from it.
  • You have to enter all the information asked in this form.
  • Now you have to attach all important documents to this form. Which is identity card, residence certificate, original
  • KVP certificate, and application.
  • After this, you have to submit this form to the same bank or post office.
  • Thus, you will be able to transfer Kisan Vikas Patra Yojana 2021.

Conclusion

Through this article, we have provided you all the important information related to the Kisan Vikas Patra Yojana. If you are still facing any kind of problem, then you can ask us by commenting in the comment section, your comment is very important for us. We will try our best to solve your problem.

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