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KISAN VIKAS PATRA |
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Money doubles on maturity |
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Name of the Scheme |
Interest |
Maturity Period |
Limit of Deposit |
I. T. Benefit |
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KVP |
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8 years and 7 months |
Min. Rs. 100 Max. No Limit |
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Who Can Purchase |
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Kisan Vikas Patra (KVP) can be purchased by an individual, jointly by two individuals. |
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Kisan Vikas Patras are available in denominations of Rs. 100, Rs. 500, Rs. 1000, Rs. 5000 and Rs. 10,000. Certificates of Rs. 50,000 denomination are also available. There is no upper limit on the purchase of certificates. |
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Rate of Interest |
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Deposit doubles in 8 years 7 months. |
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Liquidity |
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Kisan Vikas Patras can be encashed at any time after expiry of 2½ years from the date of issue of the Patra. |
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Amount of Payable, on a certificates of Rs. 1000 |
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Time of Encashment |
Amount Payable (in rupees) |
Time of Encashment |
Amount Payable (in rupees) |
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After 2½ years |
1170.51 |
After 5½ years |
1488.49 |
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After 3 years |
1207.95 |
After 6 years |
1543.30 |
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After 3½ years |
1267.19 |
After 6½ years |
1649.13 |
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After 4 years |
1310.80 |
After 7 years |
1713.82 |
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After 4½ years |
1355.90 |
After 7½ years |
1781.06 |
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After 5 years |
1435.63 |
After 8 years |
1850.93 |
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Payment shall be made at proportionate rate for a KVP of any other denomination. |
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How to encash |
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Kisan Vikas Patras can be encashed at the Post Office of its issue. This can also be encashed at any other Post Office. If the officer-in-charge of that Post Office is satisfied on production of Identity Slip or on verification from the Post Office of its issue that the person, presenting the certificate for encashment, is entitled thereto. |
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Other Benefits |
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Kisan Vikas Patra can be pledged with the Public Works Deptt., Govt. of West Bengal as security deposit. |
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Identity Slip will be issued to the depositors on request. |
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Duplicate Certificate |
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A duplicate KVP may be issued if the same is lost, stolen, destroyed, mutilated or defaced, provided satisfactory evidence is produced about such loss, theft, destruction, mutilation or defacement. |
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RushatiINDIA & Associates 60(24/16) Vivekananda Road, Sukantapally PO: Sheoraphuli, Dist: Hooghly, WB, India Pin: 712 223 Phone: +91- 9433235073 Email: [email protected] |