KISAN VIKAS PATRA


Kisan Vikas Patra

 (KVP) is a saving instrument or savings certificate offered by the Government of India through post offices where invested amount doubles upon completion of maturity period of Eight Years and Seven months.


 WHO CAN INVEST

1 An adult in his own name, or on behalf of a minor
2 A Trust 
3 Two adults jointly

 LIMITATIONS OF INVESTEMENTS KVP

 certificates are available in denominations of Rs100, Rs500, Rs1000, Rs5000, Rs10,000 and Rs50,000. The minimum amount that can be invested is Rs100 however there is no upper limit on purchase of KVPs.

 ****Kisan Vikas Patra does not offers any income tax benefit to the investor however withdrawals are however exempted from Tax Deduction at Source (TDS) upon maturity**** 

WITHDRAWL 


Premature encashment of the KVP certificate is not permissible. The certificates can only be encashed in event of the death of the holder or forfeiture by a pledgee or on the order of the courts. 

 FOR FEEDBACK CLICK HERE

Comments

Post a Comment

Popular posts from this blog

"Modi Does What He Promises": PM On Why People Trust His 'Guarantees'

Highlighting his recent state election slogan, "Modi ki Guarantee," Prime Minister Modi asserted that the country trusts his guarantee because he diligently works to fulfill them. During a one-day visit to Ayodhya, he inaugurated and laid the foundation stone for 46 projects worth Rs 15,700 crore. The events included the inauguration of Ayodhya Dham Junction, Maharishi Valmiki International Airport, and the flagging off of 6 Vande Bharat and 2 Amrit Bharat trains. "The strength of Modi's guarantee lies in the fact that Modi does what he promises. Today, the country has faith in Modi's guarantee because he puts in all his efforts to fulfill the guarantees he gives. This city of Ayodhya is also a witness to this," he stated. Expressing eagerness for the upcoming consecration at the Ram Temple, PM Modi proclaimed himself a devotee of every particle and person in India. PM Modi reached Ayodhya on a one-day visit, where he inaugurated and laid the foundation
Read more

'800-Strong Mob Intended To Cause Death': Probe Agency On Bengal Attack

Giving chilling details about the attack on its officials, allegedly by supporters of a Trinamool Congress leader, the Enforcement Directorate has said the mob consisted of 800-1,000 people and that there was an "intention to cause death". The agency said three of its officials were severely injured and that people in the mob robbed its personnel of their belongings, including mobile phones, wallets and laptops.  The attack occurred in Sandeshkhali in West Bengal's North 24 Parganas district on Friday, when an Enforcement Directorate team - accompanied by personnel from the Central Reserve Police Force (CRPF) - was carrying out searches at three premises belonging to Trinamool leader Sahajahan Sheikh in connection with the alleged Public Distribution Scam.  While the Trinamool Congress called the incident "a BJP conspiracy" and claimed "unruly elements attached with the central agencies provoked locals", the BJP has dubbed the continuance of the rul
Read more