Kisan Vikas Patra (KVP) re-launched yesterday

Apart from increasing the level of financial savings, this scheme also guarantees to double one's money in a time period of 100 months. 

Salient Features of re-launched Kisan Vikas Patra :

1.Amount Invested doubles in 100 months ( 8years 4 months)

2.Available in denominations of Rs 1,000, 5000, 10,000 and Rs 50,000.

3.Minimum deposit Rs 1000/- and no maximum limit.

4.Certificate can be purchased by an adult for himself or on behalf of a minor or by two adults.

5.KVP can be purchased from any Departmental Post office. This facility will also be extended shortly to the designated branches of commercial Banks.

6.Facility of nomination is available.

7.Certificate can be transferred from one person to another and from one post office to another.

8.Certificate can be en cashed after 2 1/2 years from the date of issue.

Table Showing Premature closure ofKVP  ( for Den. Rs. 1000 )

Period	Amount Payable
2 and half years but less than 3 years	1201
3  years but less than 3 and half years	1246
3 and half years but less than 4 years	1293
4  years but less than 4 and half years	1341
4 and half years but less than 5 years	1391
5  years but less than 5 and half years	1443
5 and half years but less than 6 years	1497
6  years but less than 6 and half years	1553
6 and half years but less than 7 years	1611
7  years but less than 7 and half years	1671
7 and half years but less than 8 years	1733
8  years but before maturity of the Certificate	1798
On maturity of Certificate  8 Years 4 month  = 100 months	2000