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 incomefor Income Tax purposes
KISAN VIKAS PATRA -- FOR INTERVIEW PURPOSES
Reviewed by sambasivan srinivasan