What is the maximum amount limit in Kisan Vikas Patra?

Rs.50,000
5000, Rs. 10,000 and Rs. 50,000. However, there is no upper limit on the maximum amount of investment.

Is KVP safe investment?

Kisan Vikas Patra, otherwise known as KVP, is a stable instrument of savings and investment authorised by the Reserve Bank of India and offered by the Indian Postal Service under the postal savings system. These deposits allow for a doubling of investment upon reaching a maturity period of 100 months.

Which is better Kisan Vikas Patra or PPF?

In other words, anyone looking for an investment that offers long-term stability and minimum risk retention should opt for KVP. On the other hand, if you prefer flexibility and higher returns, then you should opt for PPF. Furthermore, an investor can double his amount within nine years and five months.

How much should I invest in Kisan Vikas Patra?

Invest in Kisan Vikas Patra small savings instruments, issued by the Government of India, available at these designated Axis Bank branches Kisan Vikas Patra bear an interest rate of 6.9\%. (Interest rate is subject to change as per govt. notification) Minimum investment amount is Rs. 1000 and in multiples of Rs. 100 thereof.

What is premature withdrawal facility of Kisan Vikas Patra?

Premature Withdrawal Facility of Kisan Vikas Patra Premature encashment is allowed after two and a half years subject to terms and conditions. However, the amount can only be withdrawn after two and a half years from the date of issue.

How to apply for Kisan Vikas Patra Certificate?

To apply for Kisan Vikas Patra certificate, you need to download the application form online or get it directly from the Post Office. This form needs to be filled and submitted at the Post office. Here is a quick link to the Kisan Vikas Patra Form: The amount of purchase must be clearly mentioned in the form.

Should you invest in KVPS or bank fixed deposits?

Mr Sadagopan said that bank fixed deposits can be a better bet than KVPs. Bank fixed deposits currently offer around 9 per cent on more than 1-year fixed deposits. And if an investor want invest for the long term, then some banks offer up to 10-year fixed deposits, he adds.