INSUBCONTINENT EXCLUSIVE:
India Post, under the government of India's department of post, apart from offering postal services also provides banking services via
network of over 1.5 lakh branches
Kisan Vikas Patra (KVP) Accounts among various saving schemes provided by the India Post like National Savings Certificate, Public Provident
Fund (PPF), Senior Citizens Savings Scheme etc
offers compound interest on sum invested and the principal amount invested in Kisan Vikas Patra Accounts doubles in 112 months, India Post
noted on its website www.indiapost.gov.in
(: Interest Rates On Post Office Fixed Deposit Vs Public Provident Fund Vs Kisan Vikas Patra)Kisan Vikas Patra Interest RateIndia Post
offers interest rate of 7.7 per cent on Kisan Vikas Patra accounts and the interest is compounded annually
The sum invested gets doubled in 112 months
The KVP can be purchased at any departmental post office
Facility of nomination is available and the KVP certificate can be transferred from one person to another and from one post office to
another, accoding to India Post.Kisan Vikas Patra MaturityKVP certificate can be encashed after 30 months from the date of issue.Kisan Vikas
Patra Tax BenefitInvestments made under the Kisan Vikas Patra accounts qualify for tax benefit under Section 80 C of the Income Tax Act.Get
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Election results will be out on May 23.
