BANNER

Important

tml"/>Get this Widget"INDIAN POSTAL BANKING HAS LOTS OF SCOPE DUE TO CONNECTIVITY,SAYS COMMUNICATION MINISTER"

Monday 24 November 2014

KVP Relaunched on 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 )

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

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