Report Wire

News at Another Perspective

How Kisan Vikas Patra will carry you extra advantages over investing in FDs

1 min read

Image Source : FILE PHOTO Representational picture.
Kisan Vikas Patra is yet one more public funding scheme that double the cash in a restricted period of time. Just like FDs, Kisan Vikas Patra can be a useful and conventional system of investments. Kisan Vikas Patra can be referred to as Post Office Savings Schemes and provides higher curiosity over common FDs.

Benefits of Kisan Vikas Patra

Amount invested in Kisan Vikas Patra will get doubled in 10 years 4 months occasions.
Investors are being given an curiosity of 6.7 per cent compounded yearly. 
The minimal quantity one can spend money on Kisan Vikas Patra is Rs 1000. 
No higher restrict of investments in Kisan Vikas Patra. 
Who can spend money on Kisan Vikas Patra 

Minor above 10 years of age
a single grownup
Joint A Account (Maximum 3 adults)
Joint B Account (Maximum 3 adults)
An grownup on behalf of a minor
A guardian on behalf of an individual of unsound thoughts
Latest Business News