Mail center Plan: This plan of mailing station gives interest equivalent to...

Individual budget

Mailing station Plan This plan of mailing station gives interest equivalent to FD, know the benefits and detriments

Kisan Vikas Patra: At present the premium on Kisan Vikas Patra is 7.5 percent per annum. This rate is equivalent to the long term time store plan of the mailing station. Be that as it may, on putting resources into it, you need to pay charge on the premium pay procured.

New Delhi. Numerous little investment funds plans are controlled by the Mail center. Putting resources into it is totally protected. Financial backers additionally get superb interest in these plans. Simultaneously, a plan is likewise shown to the mailing station in which the cash is multiplied. The name of this plan is Kisan Vikas Patra.

At present the premium on Kisan Vikas Patra is 7.5 percent per annum. This rate is equivalent to the long term time store plan of the mailing station. As per the ongoing loan fee, the cash in Kisan Vikas Patra Plan is multiplying in 115 months for example 10 years and 90 days. Notwithstanding, there are a few drawbacks of putting resources into it too. In such a circumstance, prior to money management you ought to know the benefits and impediments.

Once Speculation Plan

Kisan Vikas Patra is a one time venture plan of the Public authority of India, where your cash pairs in a proper period. Kisan Vikas Patra is accessible in all mailing stations and large banks of the country. The Focal Government has expanded the premium on Kisan Vikas Patra from 7.2 percent to 7.5 percent yearly from April 1, 2023.

Who can contribute?

The age of the individual putting resources into Kisan Vikas Patra should be somewhere around 18 years. Aside from single record, there is additionally the office of shared service. Simultaneously, this plan is additionally accessible for minors, who must be administered by the gatekeeper. This plan is additionally appropriate for Hindu Unified Family for example HUF or Trust with the exception of NRI. To put resources into this, there are testaments of Rs 1000, Rs 5000, Rs 10,000 and Rs 50,000, which can be bought.

In the event that you don't get KVP, you won't get tax reductions.

On putting resources into Kisan Vikas Patra, you need to pay charge on the premium pay acquired. Though under Area 80C of the Annual Duty Act, you get no tax break on the sum kept in this plan

Salla Jyothi