Delhi: The Kisan Vikas Patra (KVP) has slashed its interest rates following the Modi government slashing interest rates on its small investment schemes. Kisan Vikas Patra was a post office project, which attracted attention within a short time. The plan to double the amount invested in nine years and four months is now one month ahead of schedule. If it was 112 months earlier, it would mean 113 months.
The interest for the April-June quarter was 7.7%. It will now be 7.6%. The decision comes as part of a renewal of interest rates for each quarter of the financial year. Personal investment can be made with a minimum deposit of Rs. No matter what the maximum amount is. KVP has issued certificates of investment worth Rs 1,000, Rs 5,000, Rs 10,000 and Rs 50,000.