Start investing in this scheme this Diwali and accumulate funds worth lakhs.

Kisan Vikas Patra Scheme: Invest in this post office scheme this Diwali and safely double your money in the long run. Learn how to apply.

Kisan Vikas Patra Scheme: Diwali is not just a time of lights and celebration, but it is also considered auspicious for starting new investments. If you are looking for a safe and reliable investment, the Kisan Vikas Patra Scheme could be a good option. Investing in this scheme not only keeps your money safe but also doubles it with a fixed interest rate.

This government-run scheme offers good returns for investors who invest for the long term. There is almost no risk involved, and the average person receives higher returns than a bank FD. This Diwali, if you are looking to use some savings for the future, the Kisan Vikas Patra could be a wise choice. Learn the complete application process.

What is the Kisan Vikas Patra Scheme?

The Kisan Vikas Patra is a government savings scheme of the Indian Post Office. It was launched for small investors. You can start investing in this scheme with a minimum of Rs 1,000, and there is no maximum limit. The current interest rate for this scheme is 7.5% per annum, compounded every six months.

The maturity period of this scheme is approximately 115 months, or 9 years and 7 months. After which, the invested amount doubles. It can be purchased from any post office or select bank branch. Kisan Vikas Patra can be purchased in a single or joint name, and can also be transferred if needed.

What are the benefits of the scheme?

The biggest advantage of Kisan Vikas Patra is that it comes with a full government guarantee. This means there is no risk involved in the investment. It is a good option for those who want stable returns and can keep their money invested for a long period. If you wish, you can also open it in your children's name to create a good fund for future education or marriage.

However, withdrawals are not permitted for the first two years and six months after investment. After that, premature withdrawals are possible if needed. Overall, the Kisan Vikas Patra scheme is a scheme that gradually helps you accumulate a large corpus and provides financial security.

How to Apply?

Applying for the Kisan Vikas Patra is quite simple. Visit your nearest post office or bank branch and fill out the scheme form. Enter your name, address, date of birth, and investment amount. It's also necessary to submit your Aadhaar card and identity proof. The investment amount can be deposited by cash, check, or demand draft.