This article offers a brief summary of the key aspects of the Bank Of Baroda’s E-Kisan Vikas Patra schemes. Since these details are subject to frequent updates, please refer to the bank’s official website for the most current information on features and interest rates.
Bank Of Baroda – E-Kisan Vikas Patra Features:
- The Kisan Vikas Patra savings scheme offers an interest rate of 7.5%, determined by the government and subject to change every 3 months.
- The tenure is set at 115 months, allowing investments starting from a minimum of Rs. 1,000, in multiples of Rs. 100 without a maximum limit.
- Adults can purchase certificates for themselves, on behalf of minors, or jointly with another adult. e-KVPs are issued at all authorized branches, with a nomination facility available.
- There’s a lock-in period of 2 years and 6 months, allowing premature closure only in specific cases: on the death of the holder or joint holder, upon forfeiture by a gazetted government officer, or by court order.
How to invest?
Click here to invest in the Bank Of Baroda’s E-Kisan Vikas Patra schemes.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank/institution.