Kisan Vikas Patra – KVP

by Gopal Gidwani on August 20, 2009 · 1 comment

in Others,Uncategorized

• The minimum investment is INR 500.
• The interest rate payable is 8.40% annually. The investment doubles in 8 years and 7 months. The interest earned is fully taxable.
• This account can be opened by individuals. NRIs, corporates, trusts and other institutions cannot invest in KVP.
• On maturity of the term, if the maturity proceeds are not withdrawn then post office savings account interest rate is payable on the deposit and that too for only upto maximum 2 years.
• KVP certificate can be pledged as a security to avail a loan against it.
• The certificates are transferable from one post office to another. Also the certificates are transferable from one person to another.
• Nomination facility is available.
Please let us know your comments on the article by commenting in the section below or writing to us gopal_gidwani@yahoo.com

{ 1 comment… read it below or add one }

Bhanu September 9, 2017 at 6:32 am

I have a query… It’s regarding KVP . I had KVP issued on 24.12.2009 . What is the period of KVP at that time. My agent said it was for 7 yes and few months? I lost that. I got new issued they say it’s for 8 yes and few months. Please comment

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