Invest in Kissan Vikas Patra

Money doubles in 8 years and 7 months. Facility for premature encashment as per the table  given below (for the KVP purchased on or after 1st March 2003). Maturity value for Rs. 1,000/- denomination After Amount Payable  2 years 6 months or more but less than 3 years 1170.51  3 years more but less than 3 years 6 months 1207.95  3 years 6 months or more but less than 4 years  1267.19  4 years or more but less than 4 years 6 months  1310.80  4 years 6 months or more but less than 5 years  1355.90  5 years or more but less than 5 years 6 months  1435.63  5 years 6 months or more but less than 6 years  1488.49 6 years or more but less than 6 years 6 months 1543.30 6 years 6 months or more but less than 7 years 1649.13 7 years or more but less than 7 years 6 months 1713.82 7 years 6 months or more but less than 8 years  1781.06 8 years or more but less than 8 years 7 months 1850.93

Investment Limits and Denominations

No limit on investment. Available in denominations of Rs.100,Rs. 500/-, Rs. 1,000/-, Rs. 5,000/-, Rs. 10,000/-  in all post offices and Rs. 50,000/- in Head  Post Offices.

Features and Tax Rebate

A Single Holder type certificate may be issued to:     An adult for himself or on behalf of a minor or to a minor     Can be purchased jointly by two adults     A Trust. Interest accrued on early basis for Tax purposes. The Govt. of Maharashtra has declared the KVP as a "Public Security" under the     provision of Mumbai Public Trust Act. 1950.  Interest accrued on yearly basis will be taken as income  for Income Tax purposes Click for more information on KVP...