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Kisan Vikas Patra Details in Tamil | How to Double Your Income with Post Office Scheme? | Natalia
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India Post introduced its savings certificate programme, Kisan Vikas Patra, in 1988. It was successful in the beginning, but the Government of India afterwards established a commission overseen by Shyamala Gopinath, who recommended to the Government that KVP may be abused. Depending on the interest rate at which KVP is issued, the maturity term will change.
The accessibility and simplicity of the KVP investing process—KVP certificates are produced at Post Offices throughout the nation—are its key benefits. Any resident Indian may invest in a KVP programme and even get a certification in a minor's name or jointly with another individual. In 9 years, four months from the day the KVP were issued, the principal amount invested will have doubled. People in semi-urban and rural regions are the primary target market for this programme.
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