Out of the several ways of multiplying the money that you save and saving tax, Kisan Vikas Patra is probably one of the cheapest and one of the easiest. It is a kind of savings certificate which helps you double your savings in a matter of eight years and four months. Like any other regular savings certificate, one can procure this one from a post office and can start the savings on their own behalf or on behalf of a minor. The post office also provides options of transferring the certificate to another individual’s name and withdrawing it within two and a half years.
Buying the Kisan Vikas Patra will not only help you in saving money, but will also be an answer to your duty towards nation building. Kisan Vikas Patra essentially meets the two dire needs of the government of the country. First and foremost, it comes across as an option for the poor to save their money and not just let it disappear and secondly, it helps the government in raising savings and hence, help in nation building at present. Thus, Kisan Vikas Patra is your small way of contributing towards nation’s development and saving your money in the process.
Double your money – The Kisan Vikas Patra helps you in saving your money, getting to withdraw double the amount within 8 years and 4 months. It gives you great interest and helps you in saving whatever little money you have as the saving can be done in the denominations of Rs 1000, 5000, 10000, 50000 with no maximum limit. It ensures that your money in safe hands. Also, the money can be withdrawn as and when needed after a time period of two and a half years and this gives you the benefit of having liquid money at your disposal.
Help the government in your own little way – By saving in a government scheme, you are fulfilling your duty towards the nation in your own small way. These savings, at the moment, are used by the government for nation building and are returned to your later with a fixed interest money that gets added to your money. In this particular way, the government safeguards the interest of the saver and the rest of the nation. When you buy a Kisan Vikas Patra, your liquid money goes to the government while you get a certificate and the government uses that money to develop the country. The greater the amount of money or savings the government has, the greater will be the scale of development in the country.
Save your income tax – we all have been there when after a few months we realize that we need to declare our savings in order to save the tax that we will have to pay on the money that we earn. Kisan Vikas Patra, is almost like an answer to your prayers. It is easily available, it helps you save money, it doubles your money and it helps in nation building. Talk about a win win situation!
How can you help?
Now that it is clear that the Kisan Vikas Patra is a savings scheme which has been re-launched by the government in the year of 2014 to safeguard the interests of the depositors against the fake schemes, the depositors can actually go in for something which is as convenient as the KVP instead of going in for schemes which aren’t half as helpful as this. The scheme doesn’t distinguish between the urban and the rural depositors and with an amount as little as Rs 1000, a person can easily afford to go in and be a part of the national development.
Clearly, investing in the KVP will not make you a kisan but will definitely make you a contributor to your nation’s growth. So, if you are one of those people who wish they could do something for their country, but have so far been unable to do the same, this is your chance to be a responsible citizen without losing even a penny. It is a case of government paying because you were there when it wanted savings to keep the economy balanced and believe it or not, the economy affects all of us. So, here is a chance for you to help your country and that too in disguise, be the country’s superhero because each Indian can contribute to the nation’s growth. Buy a certificate today and show how patriotic you are!
To know more about KVP Visit : http://www.indiapost.gov.in/KVP.aspx