Kisan Vikas Patra
In 1998, India Post introduced a new savings certificate scheme called Kisan Vikas Patra. It was closed in 2011 but brought back by the Indian government in 2014. Today the Kisan Vikas Patra scheme continues to be important to many all around the country.
This is a type of certificate scheme where a person can purchase a savings certificate for one’s use and to earn interest on it over time. This may also be provided to a minor. This is to help with getting the minor to have money for a variety of future purposes. This all comes with one of many interest rates depending on the type of certificate that is taken and how long it will take for it to fully mature.
The scheme is offered by the government and ensures that people will get proper returns. All returns are guaranteed under the program provided that the user holds the certificate for the appropriate designated time.
All Departmental post offices in India sell certificates under the scheme. People can visit the India Post website to learn more about where to go to find these certificates. Various banks around the country have also been authorized to sell these certificates