Kisan Vikas Patra (KVP )
Interest payable, Rates, Periodicity etc.
From 01.0 1.2019, interest rates are as follows:-
- 7.7 % compounded annually
- Amount Invested doubles in 112 months (9 years & 4 months)
- Minimum of Rs. 1000/- and in multiples of Rs. 1000/- No Maximum Limit.
Salient features:
- Certificate can be purchased by an adult for himself or on behalf of a minor or by two adults.
- KVP can be purchased from any Departmental Post office.
- Facility of nomination is available.
- Certificate can be transferred from one person to another and from one post office to another.
- Certificate can be en cash after 2 & 1/2 years from the date of issue.
