Kisan Vikas Patra Scheme: If you’re a father, you’re likely worried about your future. But you don’t need to worry. The government is running a government scheme that allows you to secure your children’s future. The amount invested in this scheme is completely secure and offers excellent returns.

We’re talking about the Post Office Kisan Vikas Patra Scheme, which offers excellent returns. The special feature of this scheme is that you can start investing with just ₹1,000. After this, you receive a guaranteed return in approximately 115 months, along with interest. There’s no maximum investment limit.

Read Here: Make Mix Veg Besan Chilla With Many Vegetables In Winter – So Spicy And So Tasty

Know the withdrawal rules.

However, the investment period under the Kisan Vikas Patra Scheme is 7 years and 10 months. Many investors wish to withdraw funds before this period, depending on their needs. This scheme offers this facility. However, certain conditions apply. The investment period is a 30-month lock-in period. You cannot withdraw your funds. If you cancel after 30 months, you receive the full amount along with interest.

If you withdraw before 30 months, you will receive less interest and a penalty. For example, if you withdraw before one year, you will receive only the invested amount back. No interest is paid, and a penalty is applicable. Withdrawals between one and two and a half years will earn less than seven and a half percent interest, along with a penalty. Withdrawals after two and a half years or 30 months will result in the full amount, along with interest, without any penalty.

Read Here: Room Heaters Below Rs 1000 From Amazon for Cozy Winters, Pick Top Options

Recommendations for Investors

The Kisan Vikas Patra scheme is suitable for those who want to keep their money safe for the long term and are looking for secure returns. Investors can double their money after 115 months, which is a significant advantage of this scheme. Completing the 30-month lock-in period is also beneficial. This also avoids penalties and interest deductions.

Other Benefits

There is no investment limit in this scheme. It is suitable for both small and large investors. Investors can obtain it in the form of a certificate from post offices and select public sector banks. The scheme also offers a nomination facility. This allows the amount to be transferred to the nominee in the event of the investor’s death.