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KISAN VIKAS PATRA -- FOR INTERVIEW PURPOSES


http://www.indianpostoffice.helpof.com/kisan-vikas-patra-kvp-from-indian-post-office/
Money doubles in 8 years and 7 months. Facility for premature encashment as per the table given below (for the KVP purchased on or after 1st March 2003).

 
After
Amount Payable
 2 years 6 months or more but less than 3 years
1170.51
 3 years more but less than 3 years 6 months
1207.95
 3 years 6 months or more but less than 4 years
 1267.19
 4 years or more but less than 4 years 6 months
 1310.80
 4 years 6 months or more but less than 5 years
 1355.90
 5 years or more but less than 5 years 6 months
 1435.63
 5 years 6 months or more but less than 6 years
 1488.49
6 years or more but less than 6 years 6 months1543.30
6 years 6 months or more but less than 7 years1649.13
7 years or more but less than 7 years 6 months
1713.82
7 years 6 months or more but less than 8 years 
1781.06
8 years or more but less than 8 years 7 months
1850.93
No limit on investment.
Available in denominations of Rs.100,Rs. 500/-, Rs. 1,000/-, Rs. 5,000/-, Rs. 10,000/- in all post offices and Rs. 50,000/- in Head  Post Offices.
 
 A Single Holder type certificate may be issued to:
     An adult for himself or on behalf of a minor or to a minor
     Can be purchased jointly by two adults
     A Trust. Interest accrued on early basis for Tax purposes.
 
 The Govt. of Maharashtra has declared the KVP as a "Public Security" under the provision of Mumbai Public Trust Act. 1950.
 Interest accrued on yearly basis will be taken as income  for Income Tax purposes

KISAN VIKAS PATRA -- FOR INTERVIEW PURPOSES Reviewed by sambasivan srinivasan on 7:03:00 AM Rating: 5

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