Kisan Vikas Patra is a popular post office scheme.
If you are planning an investment these days, you can choose Kisan Vikas Patra as an option.
The amount invested in this post office scheme doubles in 120 months.
Investment in Kisan Vikas Patra will get interest at the rate of 7.20%. In this scheme, you can start investing from Rs 1000.
Both single and joint accounts can be opened in Kisan Vikas Patra scheme. There is also a nominee facility.
Under the Kisan Vikas Patra scheme, a minor under 10 years of age can also open an account.
However, an adult can open an account on behalf of a minor and as soon as the minor turns 10 years old, the account is transferred in his name.
Opening an account for this scheme is very easy. For this, the application must be filled with a receipt submitted to the post office.
It is generally believed that the investment amount in the post office remains safe. That is why a large number of people have invested in its schemes.
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