Key point - money to double in 100 months.
The KVP, relaunched by Finance Minister Arun Jaitley, will be available in the denomination of Rs 1,000; 5,000; 10,000 and 50,000.
There will be no upper ceiling on investment. Earlier, it was launched by the Government on April 1, 1988.
Key Points of KVP:
i. No PAN requirement for investment in Kisan Vikas Patra
ii. There will also not be any upper limit on investment.
iii. It will be available to the investors in the denomination of Rs. 1000, Rs. 5,000, Rs. 10,000 and Rs. 50,000, with no upper ceiling on investment.
iv. The certificates can be issued in single or joint names and can be transferred from one person to any other person persons, multiple times.
v. The facility of transfer from one post office to another anywhere in India and of nomination will be available.
vi. With a maturity period of 8 years 4 months (100 months), the collections under the scheme will be available with the Government for a fairly long period to be utilized in financing developmental plans of the Centre and State Governments and will also help in enhancing domestic household financial savings.
The KVP, relaunched by Finance Minister Arun Jaitley, will be available in the denomination of Rs 1,000; 5,000; 10,000 and 50,000.
There will be no upper ceiling on investment. Earlier, it was launched by the Government on April 1, 1988.
Key Points of KVP:
i. No PAN requirement for investment in Kisan Vikas Patra
ii. There will also not be any upper limit on investment.
iii. It will be available to the investors in the denomination of Rs. 1000, Rs. 5,000, Rs. 10,000 and Rs. 50,000, with no upper ceiling on investment.
iv. The certificates can be issued in single or joint names and can be transferred from one person to any other person persons, multiple times.
v. The facility of transfer from one post office to another anywhere in India and of nomination will be available.
vi. With a maturity period of 8 years 4 months (100 months), the collections under the scheme will be available with the Government for a fairly long period to be utilized in financing developmental plans of the Centre and State Governments and will also help in enhancing domestic household financial savings.
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