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Kisan Vikas Patra – KVP
Finance - Small Savings

• The minimum investment is INR 500.

• The interest rate payable is 8.40% annually. The investment doubles in 8 years and 7 months. The interest earned is fully taxable.

• This account can be opened by individuals. NRIs, corporates, trusts and other institutions cannot invest in KVP.

• On maturity of the term, if the maturity proceeds are not withdrawn then post office savings account interest rate is payable on the deposit and that too for only upto maximum 2 years.

• KVP certificate can be pledged as a security to avail a loan against it.

• The certificates are transferable from one post office to another. Also the certificates are transferable from one person to another.

• Nomination facility is available.


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