Post Offices : kisan vikas patra – Interest payable, Rates, Salient features & Periodicity etc.
Salient features including Tax RebateSalient features including Tax Rebate
• Certificate can be purchased by an adult for himself or on behalf of a minor or by two adults.
• KVP can be purchased from any Departmental Post office.
• Facility of nomination is available.
• Certificate can be transferred from one person to another and from one post office to another.
• Certificate can be en cash after 2 & 1/2 years from the date of issue.
Investment under this scheme qualifies for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.