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Kisan Vikas Patra investments to see slower growth after interest rate cut

While the money used to double on maturity in nine-and-a-half years between December 12 and March 31, it will now take 10 years and four months for the same.

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Investment | farmers | Indian agriculture

Indivjal Dhasmana  |  New Delhi 

money, cash, rupees
Interest rate on Kisan Vikas Patra was reduced from 7.6 per cent to 6.9 per cent from April 1

The government had last month announced reducing interest rate on Kisan Vikas Patra from 7.6 per cent to 6.9 per cent from April 1. In a gazette notification last week, the finance ministry came out with details of this scheme.

While the money used to double on maturity in nine-and-a-half years between December 12 and March 31, it will now take 10 years and four months for the same.

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First Published: Mon, May 11 2020. 21:23 IST
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