Kisan Vikas Patra Post Office Scheme में कैसे होता है PAISA DOUBLE | KVP Excel Calculator
In this video by FinCalC TV, we will see Kisan Vikas Patra (KVP) calculation with interest rates 2021 using Excel examples. KVP or Kisan Vikas Patra is a post office saving scheme. KVP is government backed saving scheme so interest is guaranteed.
ALL EXCEL CALCULATORS VIDEOS:
• All EXCEL Calculators
DOWNLOAD ANDROID APP "FinCalC":
play.google.co...
After watching this video following queries will be solved:
What is KVP or Kisan Vikas Patra?
How to open Kisan Vikas Patra (KVP) account?
How to calculate interest in KVP account
what is latest KVP Interest rate
Kisan vikas patra in hindi
Kisan vikas patra withdrawal rules
Kisan vikas patra vs NSC
KVP vs NSC vs PPF vs FD vs SSY
Kisan vikas patra online sbi
KVP interest rates 2021, 2020
KVP account opening for minor or children
KVP vs PPF vs SSY vs Savings account
How KVP interest is guaranteed
KVP monthly interest and annual compounding
Books I Read:
Rich Dad Poor Dad: amzn.to/3hh0Y8q
Richest Man in Babylon: amzn.to/2WLLGPt
The Intelligent Investor: amzn.to/3pqw3Jz
Think & Grow Rich: amzn.to/38yqli8
Money Master the Game: amzn.to/34K3HlK
OUR 2nd CHANNEL LINK:
/ @gharkirecipes558
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 April 2020 and 30 June 2020. The minimum investment is Rs. 1000 and there is no upper limit. And if you invest a lumpsum today, you can get double the amount at the end of the 124th month.
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.
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.
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 January 2021 to 31 March 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.
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.
WATCH FULL VIDEO TO KNOW MORE ABOUT KVP (KISAN VIKAS PATRA) INTEREST CALCULATION AND COMPOUNDING.
#KisanVikasPatra #KVPCalculator #ExcelCalculator #Excel #Calculator #FinCalCTV
=============================
LIKE || SHARE || SUBSCRIBE
Mujhe Social Media par FOLLOW kare:
Facebook : / fincalctv
Twitter : / fincalctv
BLOG: fincalc-blog.b...
==========================================
PPF Interest Calculation with Examples in EXCEL:
• PPF Excel Calculator |...
Savings Account Interest Calculation using EXCEL:
• Money Tips - Savings A...
Senior Citizen Savings Scheme EXCEL Calculator:
• SCSS Excel Calculator|...
Fixed Deposits EXCEL Calculator:
• FD Interest Calculatio...
Income Tax Return Filing Step by Step Video:
• How To File ITR Online...
National Savings Certificate EXCEL Calculator:
• NSC Calculator| NSC In...
==========================================
DISCLAIMER:
Examples used are for Illustration purpose only and might not cover every detail of examples shown. It is advised to seek professional help before taking any financial decisions. The owner of this channel shall not be liable in any way.
Негізгі бет Kisan Vikas Patra Post Office Scheme में कैसे होता है PAISA DOUBLE | KVP Excel Calculator
Пікірлер: 56