Want to double your investments in less than nine years? KVP is for
you! But there's a catch. The scheme, which offers to double your money
in "eight years and seven months", offers NO Tax benefits!
One can exit the scheme any time after 2.5 years from the investment
date, though investors will have to bear the loss of interest for the
invested time period.
Though KVP is not meant for regular income, it is a safe avenue of
investment for those without pressing tax concerns. Liquidity is also
reasonably higher here.
You can buy KVP by filling up the appropriate application form available at post offices across the country.
The minimum investment in KVP is Rs.100. Certificates are available in denominations of Rs.100, Rs.500, Rs.1,000, Rs.5,000, Rs.10,000 and Rs.50,000. The denomination of Rs.50,000 is sold through head post offices only. There is no limit on holding of these certificates. Any number of certificates can be purchased. A KVP is sold at face value; the maturity value is printed on the Certificate.
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