Is KVP a good investment option?

Both Kisan Vikas Patra and National Savings Certificate are good options for investors looking at safe fixed income options. The interest rates are also almost similar.

What is the benefit of KVP?

Kisan Vikas Patra (KVP) is designed to encourage long-term investment and savings amongst the masses. It is suitable for investors who are reluctant to risk taking, have surplus money, and are looking for assured returns.

What is the tax rate for Kisan Vikas Patra?

Tax on Kisan Vikas Patra The amount invested in KVP does not offer any tax deductions under Section 80C. Even the interest earned on KVP is exempted from income tax and TDS of 10\% is deducted from interest.

What is Kisan Vikas Patra and how does it work?

The government recently relaunched erstwhile popular small savings scheme Kisan Vikas Patra to provide more investment options with the aim to raise the savings rate in the country.

Should you invest in NSCs or Kisan Vikas Patra?

While both Kisan Vikas Patra investments and NSCs score pretty good points when investment is considered, thinking about the potential higher returns on NSCs makes them the obvious first choice since a no-frills tax exemption comes with the package, protecting the returns.

What is the latest Kisan Vikas Patra interest rate 2021-22?

The latest interest rate for Kisan Vikas Patra after the budget session of 2021-22 in the month of March 2021 is 6.9\%. This is still the highest interest being paid out of all the long-term saving schemes by the government.

How Kisan Vikas Patra (KVP) Double Your Money in 10 years?

In simple language, Kisan Vikas Patra doubles your money in about 10 years and 4 months. This means that Rs. 5 Lakh invested in KVP in the year 2021 will become Rs. 10 Lakh in the year 2031. How much can you invest in doubling your money? The minimum amount that you can invest in KVP is Rs. 1000.