|
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).
|
After
|
Amount Payable
|
| 2 years 6 months or more but less than 3 years |
1170.51
|
| 3 years more but less than 3 years 6 months |
1207.95
|
| 3 years 6 months or more but less than 4 years |
1267.19
|
| 4 years or more but less than 4 years 6 months |
1310.80
|
| 4 years 6 months or more but less than 5 years |
1355.90
|
| 5 years or more but less than 5 years 6 months |
1435.63
|
| 5 years 6 months or more but less than 6 years |
1488.49
|
| 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 |
1713.82
|
| 7 years 6 months or more but less than 8 years |
1781.06
|
| 8 years or more but less than 8 years 7 months |
1850.93
|
|
|
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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Posted in Kisan Vikas Patra.
Tagged with 1207, 3 years, 6 years, 7 months, 8 years, amount, basis, denomination, denominations, encashment, Facility, Income, Interest, Investment, KVP, Limits, Maharashtra, March, maturity, maturity value, money, money doubles, nbsp, Payable, post, PUBLIC, quot, rs 1, table, tax, Trust, value.