KVP Interest Rate: If you also believe in investing in Govt Saving Schemes for the future, then this news will definitely make you happy. Recently, the interest rate on some government schemes including Kisan Vikas Patra (KVP) has been increased by the government. With the increase in interest, now your investment will double sooner than before.
Under the new interest rate
The scheme is applicable from 1st October, you can apply at the post office or any bank. At present, 7 percent interest is being given to Kisan Vikas Patra (KVP). The new interest rate has been implemented from 1 October 2022. The money invested doubles in 123 months (10.3 years) with an interest rate of 7 percent. Earlier it used to take 124 months for this money to double.
You can
Invest at least Rs 1000 under Kisan Vikas Patra, you can invest with a minimum of Rs 1000. If you want to invest more than this, you have to do it in multiples of Rs.100. It has no limit. Maximum investment in Kisan Vikas Patra. You can buy Kisan Vikas Patra (KVP) from any post office or bank. You can invest in it singly or jointly.
Any person can also take more than one Kisan Vikas Patra. If you need money, you can also take a loan by mortgaging it. Not only this, but you can also transfer it in the name of your wife or child. In this plan, you can withdraw double your money anytime after 123 months. If you keep this money for a longer time, then you get the same benefit.
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