Mon, Sep 30, 2024
Small Savings Scheme Interest Rates: The central government on Monday announced a status quo on interest rates applicable to small savings schemes. Currently, commercial banks and post office provide a variety of small savings scheme instruments including Post Office Savings Account, the 1-5-year Time Deposit (fixed deposit), the 5-year Post Office Recurring Deposit, Senior Citizens Savings Scheme, and Sukanya Samriddhi Yojana (SSY).
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Tue, Jul 16, 2024
Mahila Samman Savings Certificate (MSSC) post office scheme provides interest of 7.5 per cent for different tenures.
Fri, Jun 28, 2024
Post Office Kisan Vikas Patra certificates - one of the all-popular small savings schemes backed by Government of India - double depositors' money in a period of nine years and seven months (a total of 115 months), according to the India Post website, indiapost.gov.in.
Mon, Jun 10, 2024
One of the key highlights of the scheme is its accessibility. Individuals from various demographics can open a KVP account, including single adults, joint account holders (up to 3 adults), guardians on behalf of minors or individuals of unsound mind, and minors above the age of 10 in their own name.
Fri, Mar 29, 2024
Kisan Vikas Patra (KVP) Post Office Small Savings Scheme Interest: As the government leaves the interest rates applicable to the small savings schemes available at post offices, the Post Office Kisan Vikas Patra (KVP) certificate investment plan pays interest at the rate of 7.5 per cent compounded annually for the quarter ending June 30, 2024. What makes the post office KVP scheme unique is that the amount of money invested in this small savings scheme doubles over a period of nine years and seven months. What it means is that the minimum investment of Rs 1,000 in Kisan Vikas Patra certificates grows into Rs 2,000 upon maturity.
Thu, Mar 21, 2024
Kisan Vikas Patra 2024 Calculation: Unlike other investment options that may require a larger initial amount, KVP allows investors to open an account with a minimum amount of Rs 1000. The post office scheme promises to double a one-time investment in a period of approximately 9.5 years (115 months). KVP offers a fixed rate of 7.5 per cent compounded annual return. Know more such information about Kisan Vikas Patra, and how does it work? Let's find out:
Wed, Dec 06, 2023
Kisan Vikas Patra is a Post Office-run central government scheme which provides you assured income, guaranteed returns and an option to take a secured loan. You get 7.5 per cent interest under the scheme and can start your investment journey for as low as Rs 1,000.
Wed, Sep 06, 2023
A government-backed investment instrument, Kisan Vikas Patra offers a secured return and higher return compared to savings accounts or some FDs. Currently, the maturity period of Kisan Vikas Patra is 9.5 years.
Sat, Mar 04, 2023
Post office KVP 2023: Kisan Vikas Patra, a government-backed savings scheme, doubles the money invested over a period of 10 years? A KVP account, set up in a post office or select branches of PSU banks such as SBI and PNB, requires minimum investment of Rs 1,000 with no upper limit, and offers interest of 7.2 per cent compounded annually, according to the India Post website, indiapost.gov.in. The amount of money parked in this government-backed savings scheme doubles in 120 months, according to India Post.
Thu, Sep 29, 2022
The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy.
Mon, Aug 08, 2022
The government of India runs several schemes to promote natural farming and to encourage farmers for long term investments and savings.
Sun, Apr 18, 2021
One of the most popular investment schemes with assured resturns in the Kisan Vikas Patra. This scheme offers attractive interest rates and is one of the highest among the savings schemes. However, there are schemes which offer higher interest rates. Know more about these here and also the expert stake
Thu, Apr 01, 2021
A day after announcing a cut in interest rates, government has taken a U-turn and this has come as a big breather for all investors who have invested various small savings schemes like NSC, PPF recurring deposit, Senior Citizens Savings Scheme, time deposit and others. Government has withdrawn its office memorandum issued on 31st March, 2021 regarding the cut in interest rates
Tue, Dec 08, 2020
If you are also one of those planning to invest money in safe instrument, you should check out this scheme that comes with government’s assurance of doubling your money.
Mon, Aug 31, 2020
Kisan Vikas Patra (KVP) is considered as one of the best small savings schemes for investors.
Thu, Aug 27, 2020
Post Office Scheme: Kisan Vikas Patra or Kisan Vikas Yojana is one of the most popular small savings schemes among Investors who have low risk appetite.
Sat, Jul 25, 2020
The Department of Posts has extended all small savings schemes up to the branch post office level, with a view to strengthen its network and operations in rural areas.
Wed, Jul 15, 2020
Kisan Vikas Patra or KVP is a savings certificate scheme which was launched by India Post in 1988. This scheme is a popular investment instrument and currently offers returns at the rate of 6.9 per cent per annum. The scheme can be purchased by any Indian citizen who is above the age of 18 years from the nearest post office
Post Office Scheme: Kisan Vikas Patra (KVP) Scheme is one of the most popular small savings schemes of the India post.
Wed, Jul 08, 2020
Kisan Vikas Patra can be purchased by a single adult and can also be purchased jointly by a maximum of 3 adults. An adult can also purchase this scheme on behalf of a minor. Individuals buying this scheme in the name of a minor should put a correct date of birth of the minor along with details of the parent/guardian. The minor should be above 10 years
Wed, May 27, 2020
Post Office Scheme: The way stock market has been volatile in the last three months, investors have understood the importance of a diversified portfolio to earn more money.
Sat, Apr 11, 2020
The Narendra Modi Government has recently slashed small savings scheme interest rates but still these schemes are more lucrative than bank fixed deposits.
Sat, Apr 04, 2020
Post Office Kisan Vikas Patra Scheme is one of the most popular small saving schemes backed by the Central Government.
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