Kisan vikas patra kvp is a post office savings scheme which was first launched in fy 1988 by indian post. Kisan vikas patra is a saving scheme that was announced by the government of india that doubles the money invested in eight years and seven months. Today the kisan vikas patra scheme continues to be important to many all around the country. As per structured application user need to fill following details in application form. Any resident person or persons as specified below can make an application in form a either in person or through an authorised agent at a post office. The directorate of small savings government of india, sells these saving bonds through all post off. In the application form, you will be required to mention the following details. Even though this scheme was popular, a government committee formed in 2011 suggested that kvp could be misused for purposes like money laundering. Government relaunches kisan vikas patra current affairs. Kisan vikas patra in 1998, india post introduced a new savings certificate scheme called kisan vikas patra. Under this scheme, you can make a minimum investment of rs 1,000 to purchase a kvp certificate. Type of certificate to confirm whether it is for single or joint kvp.
Kisan vikas patra is a testament plot from the indian mail station. How to purchase kisan vikas patra kvp certificates. Here is a quick link to the kisan vikas patra form. Some people have a misconception that only a farmer can invest money in kisan vikas patra. Kisan vikas patra kvp interest rate calculator tax.
Kisan vikas patra kvp is a governmentbacked savings certificate scheme which was first launched by the india post in 1988. Kisan vikas patra was used rampantly for money laundering and cases of theft of kvp certificates also started rising due to easy transferability and lack of paper work. Kisan vikas patra transfer from one person to another kisan vikas patra certificate can also be transferred from one person to another. Jan 24, 2019 form of application for transfer of kisan vikas patra kvp from post office to a bank and viceversa about forms compiled in pdf fillable as excel word format these forms retain the original format of the form. The kisan vikas patra is a saving scheme certificate that. Steps to invest in kisan vikas patra and documents required. Therefore, all the people who are interested in knowing about the post office savings scheme interest rate, tax benefit can check this post. Candidates can also download the notes pdf at the end of this article. This is a post office savings scheme under which the central government will double the principal amount in 118 months. Its primary objective is to encourage longterm financial discipline in people. Kisan vikas patra was a very popular investment scheme amongst the investor which was discontinued wef 30.
Furnish all the relevant details on the form and submit it at the post office. If you are planning to apply for a kisan vikas patra certificate, you will have to fill up the application form and submit it at the post office. You can fill the form then and there and directly submit it with the corresponding documents. Kisan vikas patra form b in fillable pdf form of application for transfer of kisan vikas patra kvp from post office to a bank and viceversa about forms compiled in pdf fillable as excel word format. To buy kvp, people need to fulfill all the details in the application form to confirm the identity of someone who is going to buy this kvp. We are a member of the banking codes and standards board of india bcsbi. The process to invest your fund in kvp scheme is as follows offline procedure of investment in kisan vikas patra scheme.
It was closed in 2011 but brought back by the indian government in 2014. Csrf registration form for opening of nps account, pdf icon, 848 kb. As kvp had became a money laundering instrument, it was withdrawn in 2011 following recommendation of a government committee. Form a form of application for purchase of kisan vikas patra. Get information on different types kisan vikas patra certificates, and forms. There is option to apply for kisan vikas patra by downloading the application form from the website. The scheme will soon be made available through designated branches of nationalized banks across the country. The institute is entrusted with the task of mobilization of savings in national savings schemes of government of india, operated through post offices and designated banks throughout the country. Upon submitting, the application form along with the photographs, the post office or the bank will issue the certificate called kisan vikas patra. It was discontinued briefly since 2011 and relaunched in 2014. Kisan vikas patra can be transferred from the one post office to another by submitting filled in kvp transfer form formb download here along with following documents to post office or designated branch where it was bought.
Post office savings scheme kisan vikas patra kvp interest. To do the same, a written application must be submitted to the post office or bank branch where the certificate was purchased. Branch will issue a certificate called kisan vikas patra with your name, amount, date of maturity and amount on the date of maturity. Kisan vikas patra kvp yojna has been relaunched by government of india on 18th november 2014. Apr 18, 2019 kisan vikas patra certificate is issued by india post and bank. If the kisan vikas patra kvp is lost, stolen, destroyed, mutilated or defaced, the rightful owner of such kvp may apply for the issue of a duplicate kvp to the post master of post office, where the certificate is registered or issued. Collect the application form, form a, and fill the form with the necessary information. Give a missed call to 8422992272 to receive the download link for axis mobile via sms. National savings institute latest circulars notification. To apply for kisan vikas patra certificate, you need to download the application form online or get it directly from the post office. Application for closure of account under senior citizens savings scheme 2004 by spouse joint holder nominees legal heirs. Kvp kisan vikas patra scheme features, eligibility.
Kisan vikas patra details and full updates india taaza khabar. In order to purchase a kisan vikas patra certificate, one must fill in the application form and furnish the required information. Form a form of application for purchase of kisan vikas patra application no. If the investment in kvp is through an agent, then the agent should fill form a1. Kvp certificates and application forms are available at authorized indian post offices and. There are numerous kisan vikas patra benefits that one can receive by investing in this scheme. Know about kisan vikas patra eligibility, interest rates, maturity period, premature withdrawal, maximum investment limits, transfer of kvp, tax benefits on kisan vikas patra.
Kvp would double your money in 100 months or 8 yrs 4 months. Fill form a1 of appliction for purcjase of kian vikas patra, download blank or editable. Kisan vikas patra is an important topic for the ias exam. The kisan vikas patra certificates can be bought for amounts as low as rs. Kisan vikas patra transfer from one post office to another post office. The required information must be provided in the identity slip also. Kvb was launched in 1988 to encourage savings and financial discipline with a focus on farmers and hence the name.
Kvp kisan vikas patra scheme features, eligibility, tax. Nov 27, 2014 govt of india has launched new kisan vikas patra kvp last tuesday, 18 th november, 2014. Investing in kisan vikas patra scheme guarantees secured investment and better returns in future. Subsequently this central government scheme will doubl. Kisan vikas patra eligibility, features, interest rates.
Kvp can be purchased by a citizen of india and an adult, in your own name or on behalf of a minor. The current interest rate of kisan vikas patra comes down to 7. How banks will pay commission to agents for kisan vikas patra department of economic affairs, ministry of finance, government of india has advised, vide office memorandum f. It is a popular investment instrument given that is of lowrisk and also guarantees assured returns. Some other things while purchasing kisan vikas patra kvp certificates also needed to note, such as mention if the kisan vikas patra kvp is purchased singly or is it a joint purchase, for a joint purchase, be sure to mention both the names on the form. Finance kisan vikas patra is a saving certificate which was first launched in 1988. How to transfer a kisan vikas patra kvp certificate. Aug 24, 2015 if the kisan vikas patra kvp is lost, stolen, destroyed, mutilated or defaced, the rightful owner of such kvp may apply for the issue of a duplicate kvp to the post master of post office, where the certificate is registered or issued.
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. Claim application form for settlement of savings bank account of the deceased depositor where the claim is preferred on legal evidence of heirship. Kisan vikas patra eligibility, interest rate, features and. The form can be handed over either to a postmaster or at the post office nearby. Form a1 of appliction for purcjase of kian vikas patra fill online. Kisan vikas patra is a small savings instrument that will facilitate people to invest in a long term savings plan. Ekisan vikas patra scheme, 2014 government business other. Kisan vikas patra is a small savings instrument that facilitates people to invest in a longterm savings plan.
Ekisan vikas patra scheme, 2014 government business. Sep 10, 2018 features and benefits of kisan vikas patra. This savings scheme doubles the investment amount after a predetermined tenure of. Aug 23, 2015 kisan vikas patra kvp yojna has been relaunched by government of india on 18th november 2014. This form needs to be filled and submitted at the post office. This is a very popular small saving scheme supported by the central government. Kisan vikas patra kvp is a saving instrument that provides interest income similar to bonds. Kisan vikas patra 20182019 post office savings scheme. Kisan vikas patra under the ministry of finance is a saving certificate which can be availed in the form of three categories. Want a longterm investment plan with a low investment risk. All the revised information about the kisan vikas patra 20182019 is given in this post.
To apply for kisan vikas patra, you need to submit an application form a or form a1 either in person or with the help of agent of the small savings scheme. 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. You can apply for the kisan vikas patra by downloading the online application form. A complete overview of kisan vikas patra kvp scheme. If you are a subscriber of the kisan vikas patra scheme, you are eligible to avail a loan at lower rates just by using the kvp certificate as collateral. Kisan vikas patra kvp saving scheme fundstiger fast. Form of application for purchase of kisan vikas patra by direct. Submit the duly filled form to the post office or bank. Then the kisan vikas patra plan is just what you need. Kisan vikas patra is a saving certificate scheme which was first launched in 1988 by india post. All about kisan vikas patra from account opening to death.
The procedure of investment in kisan vikas patra kvp savings scheme. 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. The process to invest in the kisan vikas patra online scheme is simple. Kisan vikas patra certificate is issued by india post and bank. National savings institute works under department of economic affairs, ministry of finance, government of india. Well, form a is used for direct investment and form a1 colored background form is used if the investment is made through an agent. Investing in kisan vikas patra is simple, as mentioned below.
As a member, we are committed to follow the prescribed standards of banking practices as detailed in the code of banks commitment to customers. Kisan vikas patra was very popular small saving instrument earlier, however, due to some reasons, this was discontinued. These forms retain the original format of the form. Apr 25, 2020 if you want to double the amount of your investment then you must think of investing in the post office kisan vikas patra scheme. You can make the investment in kisan vikas patra both online and offline. This saves the trouble of standing in lengthy queues. Now, this post contains all the important information such as kisan vikas patra calculator, kisan vikas patra interest chart, kisan vikas. It pairs a onetime interest in a time of around 9 years and 10 months 118 months. Kisan vikas patra kvp is a governmentsponsored saving scheme that was initially designed specifically for farmers but is now open to all. Jan 17, 2020 the current interest rate of kisan vikas patra comes down to 7. Kisan vikas patra kisan vikas patra india post introduced the kisan vikas patra as a small saving certificate scheme in 1988. If you want to double the amount of your investment then you must think of investing in the post office kisan vikas patra scheme. The rate of interest for this scheme is fixed by the government on a quarterly basis. Post office savings scheme the indian post department has launched the kisan vikas patra kvp in the financial year 1988.
Kisan vikas patra tax on interest income tax forum. 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. Hence the government of india decided to close this scheme and kvp was closed in 2011. You can either download these form online, print and fill it and submit to post office. A kisan vikas patra kvp certificate can be transferred from one post office to another or from one person to another. To the branch manager, axis bank ltd iwe hereby tender rs. Although the name of the scheme suggests that it is for farmers alone, you can also invest in the scheme. The kisan vikas patra form is available online for download.
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