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Small Savings Scheme Kisan Vikas Patra

Small Savings Scheme Kisan Vikas Patra

Government of India takes keen interest to promote masses from the ground level. That is why, several Schemes in India have been introduced recently including those in pipeline for launching phase. One such scheme named Kisan Vikas Patra Scheme (KVP) is considered a mega success in the country due to several unique features. The key attribute of this saving scheme is that money invested by citizens gets doubled in a time span of less than a decade in mere eight years.

Important Features

Considered as one of the most popular and successful Schemes in India, this KVP scheme has attained popularity in all nook and corner of country. The best part of it is that it takes no time for small investors to get their funds doubled which in itself is great motivation for economic empowerment. A lock-in period of eight years and seven months has been kept to continue Kisan Vikas Patra Scheme to avail such high yielding benefits. As benefits are certain and bound for doubling of funds every investor develop sense of security through such schemes.

Any adult Indian citizen can invest in such schemes in India. Any adult can do it for their minor wards as well. Joint account holder options and choices by trusts or groups are also available. Business entities like institutions and companies besides the Hindu Undivided Families and or Non Resident Indians are barred from such investments.

Small Savings Scheme Kisan Vikas Patra

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