• Money doubles in 8 years and 7 months.
• Facility for premature encashment
• No maximum limit on investment.
• No TDS.
• Rate of interest 8% compounded annually.
• Two adults, individuals and minor through guardian can purchase.
• Companies, Trusts, Societies or other Institutions are not eligible to purchase.
• Non-Resident Indian/HUF are not eligible to purchase.
• Maturity proceeds not drawn are eligible for Post Office Savings account interest for a maximum period of two years.
• Facility of reinvestment on maturity.
• KVPs can be pledged as security against a loan to Banks/Govt.Institutions.
• KVPs are encashable at any Post Office before maturity by way of transfer to desired Post office.
• KVPs are transferable to any Post Office in India.
• KVPs are transferable from one person to another person before maturity.
• Duplicate can be issued for lost, stolen, destroyed, mutilated and defaced patras.
• Nomination facility is available.
• Facility of purchase/payment of Kisan Vikas Patras to the holder of Power of Attorney.
• Rebate under section 80 C is not admissible.
• Deposits are exempt from Wealth Tax.

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