Kisan Vikas Patra Yojana | Kisan Vikas Patra Interest Rate
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Kisan Vikas Patra Yojana | Kisan Vikas Patra Interest Rate
159 146 просмотров · 1 г. назад
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159 146 просмотров · 1 г. назад
About This Video :
Kisan Vikas Patra (KVP) is a savings scheme offered by the Government of India, primarily designed to encourage long-term financial discipline among the general public, especially in rural areas
Feature Details
Issuer : India Post (backed by Government of India)
Eligibility : Resident Indian individuals (single or joint account)
Minimum Investment ₹1,000 (in multiples of ₹100)
Maximum Investment No upper limit
Current Interest Rate : 7.5% p.a. (compounded annually) (as of April–June 2025)
Maturity Period : 115 months (approx. 9 years 7 months)
Amount Doubles In : 115 months (₹1,000 becomes ₹2,000)
Premature Withdrawal : Allowed after 2.5 years (30 months), under specific conditions
Tax Treatment : No tax deduction under Section 80C; interest is taxable
Safe Investment : Yes, as it's backed by the Government of India
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