What is Kisan Vikas Patra Yojana 2022? Farmer vikas patra in hindi – Deepawali


What is Kisan Vikas Patra scheme and interest rate 2022 (calculate, interest rate, documents, commission),

Kisan Vikas Patra was started in the year 1998. Although in the year 2011, the government of 2011 had stopped giving the benefits of this scheme, but the immediate government of India has restarted it. Today Kisan Vikas Patra Yojana is very important scheme for many people of India.

Kisan Vikas Patra Scheme

What is Kisan Vikas Patra (what is kisan vikas patra)

  1. This is a kind of certificate that any person can buy for his own benefit and can also take advantage of the interest earned on it. This Vikas Patra can also be purchased for children below the age of 18 years. With the help of this, young children will be able to get money as help in future. This however depends on whether a person obtains some kind of certificate.
  2. The government will give a better return to the people investing under this scheme. On the basis of this scheme, various post offices of the country are selling this certificate to the people. However, different types of certificates will be available in different post offices, so the buyer of the certificate may have to go to another post office to buy the certificate as per his wish.

Types of Kisan Vikas Certificate,types of kisan vikas patra

Under this, three types of certificates have been fixed, which are as follows

  • On the basis of this scheme, a single holder certificate has been decided. This certificate can be obtained for any adult or any minor also.
  • On the basis of this scheme, joint certificate of people can also be obtained, under this certificate the names of 2 adults will be together.
  • If one of the two people dies, then one person will also be able to get the benefit of this certificate. Under this, a Joint B certificate has been fixed. Under this certificate will be payable to one person.

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Kisan Vikas Patra Payment Modes

Kisan Vikas Patra can be obtained from any post office / bank, for which payment can be made in the following ways.

  • cash payment
  • Check
  • demand draft
  • By signature of the subscriber on the withdrawal form of the savings account of the same bank

Through cash payment, Kisan Vikas Patras are given in hand at the same time, but on buying Kisan Vikas Patras by check or demand draft or any other way, the letter is given to the holder after some time.

Kisan Vikas Patra Scheme Interest Rate,kisan vikas patra interest rate

The rate of interest received on the certificate under this scheme will depend on the period for which the certificate is being taken. Under this scheme, an interest of 7.8% will be available for the lifetime certificate.

After about 8.5 years the value of the certificate will be doubled on the basis of this scheme. It will be given as a reward to those people who keep their money deposited for a long time. This interest rate will remain lifelong for a beneficiary, which will not have any market related effect. For this reason the value of this certificate will keep on increasing from time to time. This interest rate also decides that the beneficiary will continue to get profit on his investment.

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In what amount can a certificate be obtained (kisan vikas patra margin)

One certificate can be obtained under many types of denominations or classes. The price of this certificate starts from Rs.1000 and goes up to Rs.50,000, the person who buys this certificate will be able to get the benefits of different categories as per his wish. The minimum amount under this is 1000. After this, the beneficiary can also change this denomination to 5000, 10,000 or 50,000.

Can the principal be withdrawn,kisan vikas patra lock in period)

Any person can withdraw the principal from his certificate after a certain time. In the initial phase, this money will not be able to be touched for the first two to two and a half years. The principal can be withdrawn after this time period. Although this is a useful way, but it may also happen that after withdrawing the value money, the interest rate you get will decrease. The full amount of this certificate can be obtained when the holder of the certificate dies. During this, complete inspection of all the documents will be done and the amount will be given.

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Important Documents for Kisan Vikas Patra (Required Documents)

For Kisan Vikas Patra (Kisan Viakas Patra), the holder will have to give the following documents in the post office or bank

  • two passport size photographs
  • Identity Card (Ration Card, Election ID Card, Passport, Driving License etc.)
  • Address Proof (Electricity Bill, Telephone Bill, Bank Passbook etc.)
  • If the investment is more than 50000 rupees, in that case PAN card is mandatory.

On loss of Kisan Vikas Patra:

If for some reason the holder’s Kisan Vikas Patra is lost or stolen, he can retrieve it from the post office or bank.

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Who can get the certificate (kisan vikas patra eligibility)

Some important rules have been set to obtain this certificate, which are described below.

  • Two adult persons can obtain this certificate simultaneously. For this, both the persons are required to give a joint account together, so that it can be certified that both are ideologically unanimous in taking the certificate.
  • Under this scheme, the age of the applicant must be more than 18 years. Along with this, it is also mandatory for the applicant to be a resident of India. The applicant can be of other country but it is mandatory to have the document of formally being a resident of India.
  • Applicants can also get the certificate in their name only. Along with this, an applicant can also obtain a certificate for a child below 18 years of age. For this, all the information of the child below 18 years should be attached in the form of documents along with the applicant’s application form.
  • Under this scheme, any trust can also buy this certificate along with all the legal documents. Hindu undivided families or NRIs can also get the benefit of this scheme.

Benefits of Kisan Vikas Patra

  • In 100 months, the value of the letter will be 2 times, which means you will get twice the amount you have invested.
  • In which the current interest rate is 8.70%
  • Kisan Vikas Patra can be transferred, that is, the holder can give it to someone else, for which application will have to be given to the bank or post office officer, but other holders should also be eligible as per the policy.

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Fraud in Kisan Vikas Patra (kisan vikas patra black money)

With the help of this scheme, many people were doing the work of money laundering, due to which this scheme was kept closed for a long time. This time the central government had changed its structure in the year 2014.

Identity slip required (KVP identity slip)

With this certificate, applicants will be able to get an identity slip under this scheme. In this, all the information will be given so that it can be known who is the beneficiary of a certificate. Along with this, it will also be given that when this certificate can be encashed. The postmaster’s signature will be on this slip.

Transfer of Kisan Vikas Patra,kisan vikas patra transfer procedure

The biggest convenience under this scheme is that the certificate of any name can be transferred in the name of another. This can be done even when a person needs more money than the certificate holder. For this, the certificate holder needs to take the form related to it from any post office and fill it.

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Kisan Vikas Patra Tax Benefit ,kisan vikas patra under income tax act or taxability)

Under this scheme, the income that comes from this certificate has been kept under tax. After maturity or maturity, however, no tax will be deducted from any side on withdrawing money. It also shows that money can be received only after maturity.

New rules of Kisan Vikas Patra (kisan vikas patra new rules in hindi)

In this scheme, some special rules have been made to stop the prevention.

  • Under this scheme, on investing more than 50,000, the person will have to give PAN card along with all his documents. Because Indian government has made it necessary to show PAN card for transfer of amount above 50 thousand.
  • Any person who invests 10 lakh or more on the basis of this scheme. He also has to submit income data along with all the necessary documents.
  • This is necessary so that the financial condition of a person can be assessed and it will be decided that the investor is investing the amount without any financial crisis, as well as the income path of the applicant will also be known.
  • According to these conditions, if other types of documents are demanded by the representatives, then the applicant has to be given so that it can be decided that the applicant is not with any kind of wrong record.

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Difference Between Year 1988 and 2014 Kisan Vikas Patra

difference point 1988 Kisan Vikas Patra 2014 Kisan Vikas Patra
period of time 8 years 7 months 8 years 4 months
profit double double
kisan vikas patra price 100, 500, 1000, 5000 Rs 10,000 Rs 1000, 5000, 10,000 50,000
annual compound interest rate 8.2% 8.7%
pan card PAN card not required PAN card is mandatory on the expenditure of more than 50000 and on the expenditure of more than 10 lakh you have to give the details of earning.

other rules, (Kisan vikas patra rules)

Although this is a very good scheme, it is not necessary that all people can get benefits under it. There are some specific limitations of this scheme, the details of which are given below.

  • The rate of interest under this scheme is the same rate, which is generally received in other investments. The lock-in period of money under this scheme is more than any other bank, so it takes relatively more time to mature.
  • The rate of tax on profit under this certificate will depend on the profit amount. To calculate the tax on this profit, a tax expert can be consulted.

Table 1000 on the payment of Rs. 1000 in which year the consumer will get how much amount

period of time received amount
2.5 years – 3 years 1201
3 years – 3.5 years 1246
3.5 years – 4 years 1293
4 years- 4.5 years 1341
4.5 years- 5 years 1391
5 years – 5.5 years 1443
5.5 years – 6 years 1497
6 years – 6.5 years 1553
6.5 years- 7 years 1611
7 years- 7.5 years 1671
7.5 years- 8 years 1733
8 years (before the period of adulthood) 1798
at the time of adulthood 2000

In this way, according to the above table, the holder can estimate the amount of money he will get according to his expenditure.

FAQ –

Q: What is Kisan Vikas Patra?

Ans: It is a savings scheme, which gives people an opportunity to invest for a long period of time.

Q: When does the Kisan Vikas Patra interest rate change?

Ans: Every quarter

Q: What is the instant interest rate of Kisan Vikas Patra?

Ans: The interest rate from 1st October 2020 to 31st December 2020 is 6.9%

Q: How long is the tenure of Kisan Vikas Patra?

Answer: 124

Q: What is the minimum and maximum amount that can be invested in Kisan Vikas Patra?

Ans: Maximum Rs 1000 and minimum Rs 100

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