Post office plans are long haul speculations. They are for the individuals who lean toward customary speculations and have a drawn out objective.
However post plans give less returns than the securities exchange, they are safer than the last option. Experiencing the same thing, putting resources into the Post office plans can be a way for you to procure benefit with very nearly zero gamble.
Yet, if you have more gamble hunger, you can put resources into values like mutual funds, yet if you are searching for a protected and zero gamble speculation, Post Office Saving Schemes can be a superior choice. One such Post office plan is Kisan Vikas Patra.
Kisan Vikas Patra (KVP)
This plan was begun in 1988, in those days, its goal was to double the venture of farmers, yet presently it has been opened to all. The Kisan Vikas Patra is a one-time venture scheme. The length of this plan is 124 months for example 10 years and 4 months.
If you put resources into this plan from first April 2022 to 30th June 2022, then, at that point, the singular amount sum deposited by you duplicates in 10 years and 4 months. Under this plan, you get a yearly accumulating funds of 6.9%.
Contribute limitless
You can purchase a Kisan Vikas Patra testament with a minimum investment of Rs 1,000, and there is no maximum speculation limit in this plan. That implies you can put as much cash as you need into this plan.
PAN and Aadhaar are compulsory
There is additionally the gamble of illegal tax avoidance as there is no venture limit in this specific plan, so the government has made PAN card obligatory in 2014 for speculations above Rs 50,000. Aside from this, you likewise need to give your identity card.
If somebody contributes Rs 10 lakhs or more, pay confirmation will likewise must be submitted, for example, ITR, pay slip and bank proclamation and so forth.
Three choices
- Single holder type endorsement: This sort of certificate is bought for self or for a minor
- Joint A account certificate: It is given together to two grown-ups. Returns are paid to the two holders, or whoever is alive
- Joint B account certificate: It is given together to two grown-ups. Returns are paid to just a single holder.
