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19/11/2014

Kisan Vikas Patra (KVP) re-launched 18/11/2014

Salient Features of re-launched Kisan Vikas Patra :

1.Amount Invested doubles in 100 months ( 8years 4 months)
2.Available in denominations of Rs 1,000, 5000, 10,000 and Rs 50,000.
3.Minimum deposit Rs 1000/- and no maximum limit.
4.Certificate can be purchased by an adult for himself or on behalf of a minor or by two adults.
5.KVP can be purchased from any Departmental Post office. This facility will also be extended shortly to the designated branches of commercial Banks.
6.Facility of nomination is available.
7.Certificate can be transferred from one person to another and from one post office to another.
8.Certificate can be en cashed after 2 1/2 years from the date of issue.

Table Showing Premature closure of KVP ( for Den. Rs. 1000 )

Period -------------- Amount Payable

2 and half years but less than 3 years 1201
3 years but less than 3 and half years 1246
3 and half years but less than 4 years 1293
4 years but less than 4 and half years 1341
4 and half years but less than 5 years 1391
5 years but less than 5 and half years 1443
5 and half years but less than 6 years 1497
6 years but less than 6 and half years 1553
6 and half years but less than 7 years 1611
7 years but less than 7 and half years 1671
7 and half years but less than 8 years 1733
8 years but before maturity of the Certificate 1798

On maturity of Certificate -------- 2000
(8 Years 4 month = 100 months)

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