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100 FAQ's on Basic Finance

Module Units

Kisan Vikas Patra (KVP)

Kisan Vikas Patra (KVP)

It is a low risk savings scheme offered by Post Offices in the form of certificates. It is offering a fixed rate of interest of 6.9% for FY 2020-21 and will double your investment after a predefined period (currently it is 124 months). Its purpose is to encourage long term investing and savings among those individuals who are risk-averse and are looking for fixed returns.

 

Here are some of its basic features– 


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Units 34/101