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How Kisan Vikas Patra will bring you more benefits over investing in FDs

Kisan Vikas Patra is yet another public investment scheme that double the money in a limited amount of time. Just like FDs, Kisan Vikas Patra is also a beneficial and traditional system of investments. Kisan Vikas Patra is also called Post Office Savings Schemes and give better interest over regular FDs.

Edited by: India TV Business Desk New Delhi Published : Jan 05, 2021 18:46 IST, Updated : Jan 05, 2021 18:47 IST
Kisan Vikas Patra, FDs
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Representational image.

Kisan Vikas Patra is yet another public investment scheme that double the money in a limited amount of time. Just like FDs, Kisan Vikas Patra is also a beneficial and traditional system of investments. Kisan Vikas Patra is also called Post Office Savings Schemes and give better interest over regular FDs.

Benefits of Kisan Vikas Patra

  • Amount invested in Kisan Vikas Patra gets doubled in 10 years 4 months times.
  • Investors are being given an interest of 6.7 per cent compounded annually. 
  • The minimum amount one can invest in Kisan Vikas Patra is Rs 1000. 
  • No upper limit of investments in Kisan Vikas Patra. 

Who can invest in Kisan Vikas Patra 

  • Minor above 10 years of age
  • a single adult
  • Joint A Account (Maximum 3 adults)
  • Joint B Account (Maximum 3 adults)
  • An adult on behalf of a minor
  • A guardian on behalf of a person of unsound mind
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