Kisan Vikas Patra (KVP) from Indian Post Office
Money doubles in 8 years and 7 months. Facility for premature encashment as per the table given below (for the KVP purchased on or after 1st March 2003).
| 2 years 6 months or more but less than 3 years|
| 3 years more but less than 3 years 6 months|
| 3 years 6 months or more but less than 4 years|
| 4 years or more but less than 4 years 6 months|
| 4 years 6 months or more but less than 5 years|
| 5 years or more but less than 5 years 6 months|
| 5 years 6 months or more but less than 6 years|
|6 years or more but less than 6 years 6 months||1543.30|
|6 years 6 months or more but less than 7 years||1649.13|
|7 years or more but less than 7 years 6 months|
|7 years 6 months or more but less than 8 years |
|8 years or more but less than 8 years 7 months|
Investment Limits and Denominations
No limit on investment.
Available in denominations of Rs.100,Rs. 500/-, Rs. 1,000/-, Rs. 5,000/-, Rs. 10,000/- in all post offices and Rs. 50,000/- in Head Post Offices.
Features and Tax Rebate
A Single Holder type certificate may be issued to:
An adult for himself or on behalf of a minor or to a minor
Can be purchased jointly by two adults
A Trust. Interest accrued on early basis for Tax purposes.
The Govt. of Maharashtra has declared the KVP as a "Public Security" under the provision of Mumbai Public Trust Act. 1950.
Interest accrued on yearly basis will be taken as income for Income Tax purposes
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