Now Reading: Kisan Vikas Patra offers 7.5%, doubles money in 115 months
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Kisan Vikas Patra offers 7.5%, doubles money in 115 months
Kisan Vikas Patra offers a 7.5% annual interest rate for the July to September 2026 quarter, with investments doubling in 115 months, or nine years and seven months, Livemint reports. The rate…
The Story in Brief
Kisan Vikas Patra offers a 7.5% annual interest rate for the July to September 2026 quarter, with investments doubling in 115 months, or nine years and seven months, Livemint reports. The rate applies to accounts opened under the current notified terms.
Investors can start with Rs 1,000 and make further deposits in multiples of Rs 100, with no maximum limit. Accounts are available through post offices and authorised banks. Premature closure is allowed after two years and six months, subject to scheme rules. KVP may suit conservative savers who can lock away money for the long term, but the rate, tax treatment and other conditions should be checked before investing.
The Indian Opinion
The easy sales pitch is that KVP offers a guaranteed doubling, while the counter-narrative dismisses it as useless because it lacks market-linked upside. Both views are incomplete. A 9-year-and-7-month wait limits liquidity, and inflation and tax can reduce the real gain, but predictable returns may matter to some savers. The practical test is whether the investor can leave the money untouched until maturity and accept the rate fixed when the account opens.
Source: livemint.com
This story was synthesised by AI from the source linked above.
