Along with earning, investment is also very important. In the present era, there are many options available in the market for investment. However, this was not the case earlier. Earlier, there was neither much awareness about mutual funds nor about investing in the stock market. In such a situation, people used to keep money either in bank accounts or in post offices. Most of the people used to fix money in banks, which was considered the safest and best investment in those times.

Apart from FD in the bank, the second safest option was Kisan Vikas Patra i.e. KVP. If you are looking for fixed returns along with a safe investment, then Kisan Vikas Patra can be a good option for you. Today, Kisan Vikas Patra gives more interest than the FD of many banks. Apart from this, investors also get some other facilities. The maturity period of Kisan Vikas Patra is 115 months. In simple language, it takes 115 months for your money to double.

These FDs give more interest (Kisan Vikas Patra vs Fixed Deposit)
Kisan Vikas Patra (KVP) 7.50%

Axis FD 7.10%

State Bank of India FD (SBI FD) 7.00%

HDFC Bank FD 7.00%

Bank of India FD (BOI FD) 6.75%

Union Bank FD (Union Bank FD) 6.50%

Why invest in Kisan Vikas Patra Yojana?

Safe investment: Kisan Vikas Patra is a government-backed scheme so that your investment is completely safe.

Double the money: In this scheme, your money doubles in 115 months, so that you can prepare a good financial capital for your future.

Lock-in period: Kisan Vikas Patra has a lock-in period of 2 years and 6 months, after which you can redeem it if needed.

Tax benefits: No TDS is deducted on the interest earned on the investment, which gives you tax benefits.

Transfer facility: You can easily transfer the Kisan Vikas Patra to someone else's name so that other family members can also take advantage of this scheme.

Social security: This scheme is especially popular in rural areas and it provides financial security to those sections of the society, which generally stay away from banking facilities.

Easy investment: Kisan Vikas Patra can be purchased from any post office or authorized bank, making the investment process very easy and accessible.

Investment guarantee: Due to the government guarantee, your investment remains risk-free, so you do not have to worry about the safety of your money.

Small investment facility: The minimum investment amount in this scheme is only Rs 1000, so you can start investing even with a small amount.

Benefits to heirs: Even in the event of your death, your heirs get the full benefit of this investment, so this scheme guarantees a secure future.

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