What is Kisan Vikas Patra?
{{Orphan|date=February 2022}} '''Kisan Vikas Patra''' (KVP) is a [[saving]]s plan that was re[[wikt:introduce|introduce]]d on 18-Nov-2014 by the [[Government]] of [[India]]. It is to [[wikt:encourage|encourage]] people to [[wikt:save|save]] their [[money]] and not [[invest]] in [[fraud]]ulent [[wikt:scheme|scheme]]s.<ref name=NDTV>{{cite web |url=http://profit.ndtv.com/news/your-money/article-kisan-vikas-patra-relaunched-what-to-know-699459 |title=Kisan Vikas Patra Relaunched: 10 Facts |author=<!--Staff writer(s)--> |date=18 November 2014 |website= |publisher=NDTV|accessdate=18 November 2014}}</ref> The plan offers current [[interest]] rate of 7.6 per cent.<ref name=ET>{{cite web |url=http://economictimes.indiatimes.com/wealth/savings-centre/analysis/kisan-vikas-patra-should-you-junk-gold-and-invest-in-kvps/articleshow/45191445.cms |title=Kisan Vikas Patra: Should you junk gold and invest in KVPs? |author=Chandralekha Mukerji |date=18 November 2014 |website= |publisher=The Economic Times |accessdate=18 November 2014}}</ref> It doubles an investment in 113 [[wikt:month|month]]s (9 years, 5 months).<ref name=ET/> Finance Minister [[Arun Jaitley]] started the plan. The Directorate of Small Savings Government of India, sells these saving bonds through all Post Offices in the country. A KVP can be cashed in after two and a half years from the date of issue at the [[purchase]] amount plus interest.<ref name=NDTV/> However, there is no [[tax break]] for investors in KVPs.<ref name=NDTV/> == Purchasing == When an investor buys a KVP the Post office issues a [[certificate of deposit]]. It has the investors [[name]], the amount and date of [[wikt:maturity|maturity]]. KVPs are available in amounts of 1,000, 5,000, 10,000 and 50,000 [[Rs.]].<ref name=NDTV/> Anyone can invest in Kisan Vikas Patra if they are an adult and a citizen of India. <ref>{{cite web |url=http://www.kisanvikaspatra.com/ |title=Kisan Vikas Patra |author=<!--Staff writer(s)--> |date=n.d. |website= |publisher=kisanvikaspatra.com |accessdate=18 November 2