Kisan Vikas Patra – KVP - doubles in 9 years, Minimu Rs. 1000, No Maximum Limit, Tax Rebate - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Saturday, September 24, 2016

Kisan Vikas Patra – KVP - doubles in 9 years, Minimu Rs. 1000, No Maximum Limit, Tax Rebate

Kisan Vikas Patra (KVP​)

Amount Invested doubles in 110 months (9 years & 2 months)
Available in denominations of Rs 1,000, Rs 5000, Rs 10,000 and Rs 50,000.
Minimum deposit Rs. 1000 and no maximum limit.
Salient features

including Tax Rebate
o    Certificate can be purchased by an adult for himself or /  on behalf of a minor or /  by two adults.
o    KVP can be purchased from any Departmental Post office.
o    Facility of nomination is available.

o    Certificate can be transferred from one person to another and from one post office to another.
o    Certificate can be encashed after 2 & 1/2 years from the date of issue.
Investment under this scheme qualifies for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.


Kisan Vikas Patra – KVP - doubles in 9 years, Minimu Rs. 1000, No Maximum Limit, Tax Rebate Reviewed by S. Chitra on September 24, 2016 Rating: 5 Kisan Vikas Patra (KVP​) Amount Invested doubles in 110 months (9 years & 2 months) Available in denominations of Rs 1,000, Rs 50...

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