Kisan Vikas Patra - Features, Benefits, and Investment Options

Investment Growth - The invested amount doubles on maturity, providing substantial growth in savings.
Tax Exemption - Though there are no income tax benefits under the scheme, the deposits are exempt from Tax Deduction at Source (TDS) at the time of withdrawal.
Nomination Facility - The scheme offers the facility of nomination, ensuring that the investment is passed on to the nominee in case of the investor's demise.
Easy Availability - The Kisan Vikas Patra scheme is available at all branches of Union Bank of India, making it easily accessible to potential investors.

Frequently Asked Questions (FAQs)

What are the eligibility criteria for purchasing certificates under the Government Savings Scheme?

Which branches are authorized to sell certificates under the Government Savings Scheme?

What are the interest rate, maturity period, and maturity amount for certificates purchased under the Government Savings Scheme?

Is the nomination facility available for the Government Savings Scheme?

What are the denomination and deposit limits for certificates purchased under the Government Savings Scheme?