What is kisan vikas patra in hindi kisan vikas patra. The maturity period of the scheme when launched was 5. Kisan vikas patra is a saving certificate scheme which was first launched in 1988 by india post. Apparently, this yojana is going to provide interest rate 7. The kisan vikas patra scheme was originally launched in april, 1988 but was discontinued in 2011. Kisan vikas patra features and benefits invest at axis bank. Cheque facility can be taken in an existing account also. First launched in 1988, the kisan vikas patra kvp is one of the premier and popular saving scheme offering from the indian postal department. So, apparently, this central government scheme is going to double the principal amount.
This scheme provided facility of unlimited investment by way of purchase of certificates from post offices in various denominations. So, this kisan vikas patra is a post office savings schemes. Jun 28, 2016 kisan vikas patra yojna has been relaunched by government of india on 18th november,2014. Kisan vikas patra kvp is a post office savings scheme which doubles the principal amount in 118 months as per kisan vikas patra calculator with kvp interest rate is 7. In compliance to government of india policy making small savings schemes available to investors through branches of authorised. Government of india decided to close this scheme thought of people can misuse this and kvp was closed in 2011 and the new government relaunched it in 2014. Kisan vikas patra is a small savings instrument that will facilitate people to invest in a long term savings plan. Kisan vikas patra scheme in hindi kisan vikas patra interest rate, forms. The kisan vikas patra is a saving scheme certificate that can be purchased from india post for a minimum amount of rs.
Kisan vikas patra kvp kisan vikas patra is a saving scheme that was announced by the govt. Kisan vikas patra full details in telugu central govt. Amount invested gets doubled in 9 year 10 months 118 months premature encashment is allowed after 2 years 6 months. Invested amount doubles on maturity after 115 months i. Download here pm kisan samman nidhi yojana 2020 pdf application form in hindi and english. On 18 th november 2014, union government relaunched kisan vikas patra scheme kvp in new delhi to encourage the habit of small savings among the citizens. Pradhan mantri vikas yojana online application, scholarship, scheme, state announcements. May 26, 2017 kisan vikas patra is a saving certificate scheme which was first launched in 1988 by india post. Earlier kisan vikas patra kvp a certificate savings scheme was launched by the union government on 1 st april 1988. Interest rate on ppf, kisan vikas patra, other small. Registration pm kisan samman nidhi yojana 2020 pm kisan samman nidhi yojana dusri kist kisan samman yojana online application second. This was a very popular financial product among the lower and middle income group.
Post office savings scheme kisan vikas patra kvp interest. Kisan vikas patra in 1998, india post introduced a new savings certificate scheme called kisan vikas patra. Ekisan vikas patra scheme, 2014 government business. It was successful in the early months but afterwards the. Kisan vikas patra is also one of the most soughtafter investment avenues in india because of two facts. Government relaunches kisan vikas patra current affairs today. Which banks can you buy the kissan vikas patra or kvp. Nov 23, 2019 kisan vikas patra kvp is a post office savings scheme which doubles the principal amount in 118 months as per kisan vikas patra calculator with kvp interest rate is 7. Kisan vikas patra is a saving scheme that was announced by the.
Kisan vikas patra yojana a the number of people benefited by kisan vikas patra yojana of the government throughout the country. Kisan vikas patra interest rate, income tax 80c in case you are looking for an investment vehicle where you can pump in small amounts of money that can grow over time, kisan vikas patra is one of the various options you have. Shyamala gopinath committee says kvp can be used for money laundering, therefore must be stopped. Ekisan vikas patra scheme, 2014 government business other services personal bank of baroda, indias international bank. Regardless of the market fluctuations, you will get the sum invested guaranteed with double the amount at the end of the maturity period. Kisan vikas patra was very popular small saving instrument earlier, however, due to some reasons, this was discontinued. It was discontinued briefly since 2011 and relaunched in 2014. Kisan vikas patra kvp investments will continue to yield 7. Pm kisan samman nidhi yojana 2020 application form pdf. The minimum investment scheme available under this scheme is rs. Jan 18, 2015 kisan vikas patra does not offer any income tax benefit to the investor however withdrawals are exempted from tax deduction at source tds upon maturity. The tenure of the scheme is applicable for 118 months, i. The maturity period of a kvp is 2 years 6 months30 months. Ekisan vikas patra scheme, 2014 government business other.
The kvp scheme was first introduced in 1988 but was discontinued in 2011. Kisan vikas patra yojna has been relaunched by government of india on 18th november,2014. Pradhan mantri kisan samman nidhi yojana in hindi 2020. Kisan vikas patra is an important topic for the ias exam. Government relaunches kisan vikas patra current affairs. The directorate of small savings government of india authorized our bank to sell these saving certificates. And this is launched by the indian post back in 1988. Kisan vikas patra kvp posted on july 10, 2014 november, 2018.
Pradhan mantri kisan samman nidhi pmkisan is a central sector scheme with 100% funding from government of india. According to the 2014 amendment of kisan vikas patra, the scheme provides a tenure period of 118 months with a minimum investment of rs. The amount that is invested in the purchase of the certificate will double in 100 months i. Jul 06, 2019 kisan vikas patra in 1998, india post introduced a new savings certificate scheme called kisan vikas patra. Kvp investment does not qualify for rebate us 80 c of it act. Sukanya samriddhi account scheme, scheme for the girl child, will continue to give out 8. Pradhan mantri kisan samman nidhi pm kisan is a central sector scheme with 100% funding from government of india. Even though this scheme was popular, a government committee formed in 2011 suggested that kvp could be misused for purposes like money laundering. Looking for an investment plan that is versatile enough to accommodate your longterm financial plans. The scheme will soon be made available through designated branches of nationalized banks across the country. Today the kisan vikas patra scheme continues to be important to many all around the country. The scheme provided facility of unlimited investment by way of purchase of certificates from post offices in various denominations. Candidates can also download the notes pdf at the end of this article.
The kisan vikas patra scheme is a certificate deposit scheme which has been implemented by the government of india under the post office so that the farmers and the common citizens of the country can avail the benefit of long term investment. Certificate can be transferred from one person to another. As you might know that kisan vikas patra kvp is first introduced in 1988 by government of india. Kisan vikas patra under the ministry of finance is a saving. The kissan vikas patra kvp was relaunched last year by finance minister arun jaitley. Sarkari yojana 201920 here you can read and download pdf of all the information you need regarding the various government schemes 201920 by vision ias notes and gs world. The kisan vikas patra kvp was later relaunched in the year 2014. Kvb was launched in 1988 to encourage savings and financial discipline with a focus on farmers and hence the name. Kisan vikas patra launched, to encourage habit of small savings among citizens. It is a popular investment instrument given that is of lowrisk and also guarantees assured returns. Kisan vikas patra does not offer any income tax benefit to the investor however withdrawals are exempted from tax deduction at source tds upon maturity.
Subsequently this central government scheme will doubl. Oct 07, 2017 kisan vikas patra savings certificate scheme full details in telugu central govt schemes in telugu usefull for all competitive exams like postal mts,ssc mts,forest beat officer,bank exams like. Kisan vikas patra is a small savings instrument that facilitates people to invest in a longterm savings plan. The objective of kisan vikas patra is to encourage and promote financial discipline and its importance in people.
In exercise of the powers conferred by section 12 of the government savings certificates act, 1959 46 of 1959 and in supersession of the kisan vikas patra rules, 1988 except as respects things done or omitted to be done before such supersession, the central government hereby makes the following rules, namely. Apr, 2016 first launched in 1988, the kisan vikas patra kvp is one of the premier and popular saving scheme offering from the indian postal department. Funds transfer sweep insweep out facility is available with ippb saving account. Initially successful, it was later deemed to be a produc. This page provides tool to calculate maturity date of kisan vikas patra kvp as well as maturity amount of it. Compare all post office schemes 2019 sarkari yojana. The small savings scheme was earlier discontinued in 2011 due to various worries including that it could be. January 19, 2019 kisan vikas patra kvp for a very long time has been a very popular investment scheme amongst lower and middle income earners. Govt of india has launched new kisan vikas patra kvp last tuesday, 18 th november, 2014.
Withdrawal the amount of kvp can be withdrawn after 112 months 9 years and four months. It was closed in 2011 but brought back by the indian government in 2014. Download pdf form archives pradhan mantri vikas yojana. It was successful in the early months but afterwards the government of india set up a committee under supervision of shyamala gopinath which gave its recommendation to the government that kvp could be misused. Kvp can be purchased from any departmental post office. Kisan vikas patra kvp is one of money double scheme of government of india, available through most of postoffices of india. Kisan vikas patra kvp is a post office savings scheme which was first launched in fy 1988 by indian post. Kisan vikas patra intrest rate, benefits, required documents in hindi. Kisan vikas patra is a certificate scheme that doubles a one time investment in a period of approximately 118 months. Kisan vikas patra savings certificate scheme full details in telugu central govt schemes in telugu usefull for all competitive exams like postal mts,ssc mts,forest beat officer,bank exams like.
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