Question

What is KVP?

Answer 1

Kisan Vikas Patra is a scheme made by government of India and most of the times people get mislead with the use of the word ‘Kisan’, that this scheme is for farmers. But No, this scheme is available for Indians who are over 18 years of age. The scheme actually doubles the investment that you make in specified period of time. So you can also plan your business investments through such onetime withdrawal amounts

Answer 2

KVP can be understood as Kisan Vikas Patra (bond scheme) KVP nearly doubles the sum money in just 7.3 years. While there is premature withdrawal, it can certainly act as a big relief for lot many commoners. KVP helps when they need cash. KVP is sold through all Head Post Offices and other authorised post offices throughout India. There is also another advantage that this is encashable at whichever Post office that you prefer. It is before maturity and you can just transfer KVP to that Post office itself. The rate of return is 9.75 per cent, compounded annually. However, KVP is available in different denominations like Rs. 500, 100, 5,000, 1,000, 10,000 in (any Head) Post Offices.

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