INSUBCONTINENT EXCLUSIVE:
Post office KVP: Money invested in this account doubles in a period of 112 months.Post offices across the country provide a host of saving
schemes with different rates of interest
Post office KVP certificates can be purchased by an adult for self or on behalf of a minor by an adult, or by two adult
This means that the investment can be made singly or jointly
KVP certificates, which supports nomination facility, can be purchased from any departmental post office, according to India Post's
official website - indiapost.gov.in.( How To Open Post Office Public Provident Fund Account)Minimum contribution required/maximum
allowedKisan Vikas Patra account can be opened in a post office against a minimum of Rs 1,000
There is upper limit on the amount that can be invested in a Kisan Vikas Patra (KVP) account.Interest ratesThe annual return of 7.7 per cent
Investment in the Kisan Vikas Patra (KVP) scheme Interest on money deposited in the KVP account is compounded on an annual basis.( All You
Need To Know About Post Office RD Account)Maturity periodMoney invested in Post office KVP account doubles in a period of 112 months (nine
years and four months).Transfer of certificatesPost office Kisan Vikas Patra (KVP) certificates can be transferred from one person to
another and from one post office to another.Encashment of KVPThe Kisan Vikas Patra scheme has a minimum lock-in period of two-and-a-half
years, which means the invested amount can be liquidated after this period.
