Kisan Vikas Patra

Kisan Vikas Patra

  • Minimum Investment Rs. 500/- No maximum limit.
  • Rate of interest 8.40% compounded annually.
  • Money doubles in 8 years and 7 months.
  • Two adults, Individuals and minor through guardian can purchase.
  • Companies, Trusts, Societies and any other Institution not eligible to purchase.
  • Non-Resident Indian/HUF are not eligible to purchase.
  • Facility of encashment from 2 ½ years.
  • Maturity proceeds not drawn are eligible to Post office Savings account interest for a maximum period of two years.
  • Facility of reinvestment on maturity.
  • Patras can be pledged as security against a loan to Banks/Govt. Institutions.
  • Patras are encashable at any Post office before maturity by way of transfer to desired Post office.
  • Patras are transferable to any Post office in India.
  • Patras are transferable from one person to another person before maturity.
  • Duplicate can be issued for lost, stolen, destroyed, mutilated and defaced patras.
  • Nomination facility available.
  • Facility of purchase/payment of Kisan vikas Patras to the holder of Power of attorney.
  • Rebate under section 80 C not admissible.
  • Interest income taxable but no TDS.
  • Deposits are exempt from Wealth tax.

Faq’s on KVP here.

For Buy Prchase Renew Online Kisan Viksa Patra here. Ask for New Latest Interest Rates and Returns on KVP.

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4 Comments

  • By Carol Prasad, December 12, 2009 @ 1:13 am

    We would like to know whether KVP purchased in 1997 will earn any post maturity interest on 2011 or 2012.

    Thanks.

  • By admin, May 1, 2011 @ 11:53 am

    Is the kvp interest is taxable under the income tax rule?

  • By admin, May 1, 2011 @ 11:54 am

    For 5 years the interest is reivested and exempted under section 80C. After that it must be reported, and there is no exemption under 80C

  • By Reshma C Gowda, December 8, 2011 @ 5:27 pm

    Want more information about KVP, PPf and POTD, and also Birla Sunlife SIP Please let me know. I m Looking for Small Investment Scheme.

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