Kisan Vikas
Patra (KVP)
Amount Invested doubles
in 110 months (9 years & 2 months)
Available in
denominations of Rs 1,000, Rs 5000, Rs 10,000 and Rs 50,000.
Minimum deposit Rs.
1000 and no maximum limit.
Salient
features
including Tax
Rebate
o Certificate can be purchased by an adult for
himself or / on behalf of a minor or / by two adults.
o KVP can be purchased from any Departmental
Post office.
o Facility of nomination is available.
o Certificate can be transferred from one person
to another and from one post office to another.
o Certificate can be encashed after 2 & 1/2
years from the date of issue.
Investment under this
scheme qualifies for the benefit of Section 80C of the Income Tax Act, 1961
from 1.4.2007.
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