themehaa.blogg.se - Vikas pre university english notes

Joint ‘A’ Type Certificate: This type of certificate is issued jointly to two adults, payable to both the holders jointly or to the survivor.

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.

Further, it is also mandatory to submit the Aadhaar number as proof of identity of the account holderĪ Kisan Vikas Patra certificate can be of the following types: It is a low-risk savings platform, where you can safely park your money for a certain period. 10 lakhs and above, you must submit income proofs (salary slips, bank statements, ITR documents etc.).

To prevent the possibility of money laundering, the government in 2014 made PAN Card proof compulsory for investments above Rs.

Initially, it was meant for farmers to enable them to save for the long term, hence the name. And if you invest a lump sum amount today, you can get double the amount at the end of the 124th month. As per the latest update, the tenure for the scheme is now 124 months (10 years & 4 months). Its primary objective is to encourage long-term financial discipline in people. India Post introduced the Kisan Vikas Patra as a small saving certificate scheme in 1988.