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.

Related posts:

1. National Savings Certificates
2. Monthly Income Scheme

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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