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Kisan Vikas Patra
1. Duration  
8 years 7 months
2. Rate of Interest
8.25%
3. Where to invest ? any head post office / sub-post office in cash, demand draft, local cheques.
4. Who can invest ? (i). An individual (above 18 years)

(ii). Two / three individuals in joint names.

(iii). A guardian on behalf of a minor.

(iv). A Trust

5. Denomination of Certificates


Rs. 100/-, Rs. 500/-, Rs. 1000/-, Rs. 10000/- , Rs. 50000/-

6. How much to invest ?		 No limits
7. Withdrawals (i). On maturity (8 years and 7 months)

(ii). Premature after 2 years and 6 months.

(iii). Any time in case of death of holder / any of the holders.
8. Nomination facility Available
9. Tax benefits (i). No deduction of Income Tax at source.



 
 
 
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