ఈ ప్రభుత్వ పథకంలో డబ్బు సులువుగా రెట్టింపు.. అంతేకాదు సురక్షితం కూడా..?
Post Office: మీరు భవిష్యత్‌లో పెట్టుబడి పెట్టాలని ఆలోచిస్తున్నట్లయితే పోస్టాఫీసులోని ప్రభుత్వ పథకాలలో చేయవచ్చు. ఇందులో మంచి రాబడిని పొందుతారు. అలాగే పెట్టుబడి పెట్టిన డబ్బు కూడా సురక్షితంగా ఉంటుంది. ఒకవేళ మీరు బ్యాంకులో డిపాజిట్ చేస్తే వడ్డీ తక్కువగా ఉంటుంది. అంతేకాదు డిఫాల్ట్‌ అయితే కేవలం ఐదు లక్షల రూపాయల మొత్తాన్ని మాత్రమే తిరిగి పొందుతారు. కానీ పోస్టాఫీసులో అలా కాదు ఎందుకంటే ఈ పథకాలు కేంద్ర ప్రభుత్వ ఆధీనంలో ఉంటాయి. తక్కువ మొత్తంతో పెట్టుబడి ప్రారంభించే అవకాశం ఉంటుంది. పోస్ట్ ఆఫీస్ చిన్న పొదుపు పథకాలలో కిసాన్ వికాస్ పత్ర అంటే KVP కూడా చేర్చారు. ఈ పథకం గురించి వివరంగా తెలుసుకుందాం.
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ప్రస్తుతం పోస్ట్ ఆఫీస్ కిసాన్ వికాస్ పత్రలో సంవత్సరానికి 6.9 శాతం వడ్డీ రేటు చెల్లిస్తున్నారు. పెట్టుబడి మొత్తం 124 నెలల్లో అంటే 10 సంవత్సరాల 4 నెలల్లో రెట్టింపు అవుతుంది. ఈ పథకంలో కనీసం రూ. 1,000 పెట్టుబడి పెట్టాలి. ఈ పథకంలో గరిష్ట పెట్టుబడికి పరిమితి లేదు. ఎంతైనా డిపాజిట్ చేయవచ్చు. పోస్ట్ ఆఫీస్ కిసాన్ వికాస్ పత్ర పథకంలో ఒక వయోజన వ్యక్తి గరిష్టంగా ముగ్గురు పెద్దలతో ఉమ్మడి ఖాతాను తెరవవచ్చు. ఇది కాకుండా మైనర్ తరపున సంరక్షకుడు ఖాతాను తెరవవచ్చు. ఈ పథకం కింద 10 సంవత్సరాల కంటే ఎక్కువ వయస్సు ఉన్న మైనర్ కూడా తన పేరుపై ఖాతాను ఓపెన్ చేసే అవకాశం ఉంటుంది.
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కిసాన్ వికాస్ పత్రలో డిపాజిట్ చేసిన మొత్తం డిపాజిట్ చేసిన తేదీ నుంచి ఎప్పటికప్పుడు ఆర్థిక మంత్రిత్వ శాఖ సూచించిన వడ్డీ జమవుతూ ఉంటుంది. కిసాన్ వికాస్ పత్రాన్ని తనఖా పెట్టవచ్చు లేదా సెక్యూరిటీగా బదిలీ చేసుకునే సదుపాయం ఉంటుంది. దీని కోసం వ్యక్తి ఆమోద పత్రాన్ని సంబంధిత పోస్టాఫీసుకు సమర్పించాలి. ఇది కాకుండా ప్రభుత్వం లేదా ప్రైవేట్ కార్పొరేషన్, ప్రభుత్వ కంపెనీ, స్థానిక అధికారం లేదా హౌసింగ్ ఫైనాన్స్ కంపెనీతో బదిలీ లేదా తనఖా కూడా పెట్టుకోవచ్చు.
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Kisan Vikas Patra 2022: Official Website
What is Kisan Vikas Patra?
India Post introduced the Kisan Vikas Patra as a small saving certificate scheme in 1988. Its primary objective is to encourage long-term financial discipline in people. As per the latest update, the tenure for the scheme is now 124 months (10 years & 4 months) if you purchase the certificate between 1 July 2021 and 30 September 2021. The minimum investment amount is Rs. 1000 and there is no upper limit. And if you invest a lump sum amount today, you can get double the amount at the end of the 124th month.
Initially, it was meant for farmers to enable them to save for long-term, and hence the name. Now it is available for all.
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To prevent the possibilities of money laundering, the government in 2014 made PAN Card proof compulsory for investments above Rs. 50,000. To deposit Rs. 10 lakhs and above, you must submit income proofs (salary slips, bank statement, ITR document etc.). It is a low-risk savings platform, where you can safely park your money for a certain period.
Further, it is also mandatory to submit AADHAAR number as proof of identity of account holder
Types of Certificates Available
A Kisan Vikas Patra certificate can be of the following types:
Single Holder Type Certificate: This kind of certificate is issued to an adult for self or on behalf of a minor or to a minor.
Joint ‘A’ Type Certificate: This type of certificate is issued jointly to two adults, payable to both the holders jointly or to the survivor.
Joint ‘B’ Type Certificate: This type of certificate is issued jointly to two adults, payable to either of the holders or to the survivor.
Who should invest in the KVP scheme
Any Indian citizen above the age of 18 years can buy a Kisan Vikas Patra from the nearest post office. People from rural India (with no bank account) find this particularly appealing. You can also buy one for a minor or jointly with another adult. Don’t forget to mention the date of birth of the minor and the name of the parent/guardian. A Trust can also buy one, but not an HUF or an NRI.
KVP is a good choice for risk averse individuals, who have surplus money, which they may not require in the near future. It all depends on your risk profile and goals.
For instance, people seeking tax-saving schemes have better options like Public Provident Fund, National Saving Certificates and tax saving bank FD Schemes. If you are open for some level of risk exposure, you have the Equity Linked Savings Scheme (ELSS). Hence, play to your financial strengths.
Features and Benefits of Kisan Vikas Patra
Guaranteed returns
Regardless of the market fluctuations, you will get the sum guaranteed. As this scheme was originally intended for the farming community, the priority was to encourage them to save for rainy days.
Capital protection
It is a safe mode of investment and not subject to market risks. You will receive the investment and gains when the tenure ends.
Interest
The effective interest rate for Kisan Vikas patra varies depending on the number of years invested in KVP at the time of purchase. The current interest rate is 6.9% p.a. for the quarter starting from 1 July 2021 to 30 September 2021, compounded yearly. By compounding the interest, you will receive more returns on your deposit.
Tenure
The maturity period for Kisan Vikas Patra is 124 months and you can avail the corpus then. The maturity proceeds of KVP will continue to accrue interest till you withdraw the amount.
Taxation
It doesn’t come under the 80C deductions, and the returns are completely taxable. However, Tax Deducted at Source (TDS) is exempt from withdrawals after the maturity period.
Rules to premature withdrawal
Though the account matures after 124 months, the lock-in period is 30 months. Encashing the scheme early is not allowed, unless in the account holder’s demise or court order.
Ease & affordability
KVP is available in denominations of Rs. 1000, Rs. 5000, Rs. 10,000 and also Rs. 50,000 for investment. There is no maximum limit. Please note that denominations of Rs. 50,000 are available only at the head post office of a city.
Loan against KVP certificate
You can use your KVP certificate as collateral or security to avail secured loans. The interest rate is comparatively lesser for such loans.
Nomination facility
Collect a nomination form from the post office, and fill up the required information of the nominee. If you are nominating a minor, mention the date of birth.
KVP certificate issuance
If payment is done through cash, they issue the KVP Certificate on the spot. And for Cheque, Demand Draft or Money Order, you will have to wait till the amount is cleared to the post office.
KVP Identity Slip
This includes the Kisan Vikas Patra Certificate, the KVP serial number, the amount, the maturity date and the amount to be received on the date of maturity.
How KVP accrues interest & double the money – an example
KVP is a low-risk scheme. Below table shows the returns over the period for an investment of Rs 1000.
Steps to invest in Kisan Vikas Patra and documents required
Investing in Kisan Vikas Patra is simple, as mentioned below.
Step 1: Collect the application form, Form A, and fill the form with the necessary information.
Step 2: Submit the duly filled form to the post office or bank.
Step 3: If the investment in KVP is through an agent, then the agent should fill Form A1. You can download these forms online.
Step 4: The Know Your Customer (KYC) process is mandatory and you need to submit the ID and address proof copy (PAN, Aadhaar, Voter’s ID, Driver’s License, or Passport).
Step 5: Once the documents are verified, you must make the deposit. The payment can be made by cash, locally executed cheque, pay order, demand draft drawn in the favour of the postmaster.
Step 6: You will get a KVP certificate immediately unless you make payment by cheque, pay order, or demand draft. Keep this safe as you will need to submit this at the time of maturity. You can also request them to send you the certificate by email.
In short, if Kisan Vikas Patra seems like a worthwhile investment that matches your financial goals, invest immediately. It is easy enough to open and manage. All you need to do is have the amount ready and pay one visit to the nearest post office.
Nomination
Single holders or joint holders of a certificate can make a nomination by filling up the details in Form C at the time of purchase. You can nominate any person so that the nominee will be entitled to the benefits of the certificate in the event of the death of the single holder or both the joint holders.
If the nomination is not made at the time of purchase, the single holder, joint holders, or the surviving joint holder can make a nomination at any time after the purchase of the certificate but before the maturity by submitting the duly filled Form C. Submit it to the postmaster or bank officer where the certificate is registered.
However, no nomination can be made if the certificate is applied for and held by or on behalf of a minor. If a nomination is made in this case by the holder or holders of the certificate will be cancelled or altered using Form D.
When you have more than one certificate registered on different dates, you have to make separate applications for the nomination, cancellation of the nomination, or variation of the nomination. Such an application will be effective from the date of its registration and will be noted on the certificate. Nominations made for the first time is free-of-cost. Subsequent nominations or cancellation will be charged at Rs.20 per application.
KVP is a low-risk scheme. Below table shows the returns over the period for an investment of Rs 1000.
|
Time |
Amount Repaid (Rs) |
|
2.5 years but < 3
years |
1154 |
|
3 years but < 3.5
years |
1188 |
|
3.5 years but < 4
years |
1222 |
|
4 years but < 4.5
years |
1258 |
|
4.5 years but < 5
years |
1294 |
|
5 years but < 5.5
years |
1332 |
|
5.5 years but < 6
years |
1371 |
|
6 years but < 6.5
years |
1411 |
|
6.5 years but < 7
years |
1452 |
|
7 years but < 7.5
years |
1494 |
|
7.5 years but < 8
years |
1537 |
|
8 years but < 8.5
years |
1582 |
|
8.5 years < 9
years |
1628 |
|
9 years < 9.5
years |
1675 |
|
9.5 years < 10
years |
1724 |
|
10 years but before
maturity |
1774 |
|
On maturity of
certificate |
2000 |
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