Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
Kisan Vikas Patra is a government savings certificate that doubles the invested amount over a tenure determined by the notified interest rate.
KVP is a post-office certificate that doubles your money after a fixed period — safe, sovereign-backed savings.
Sold via India Post and authorised banks. Doubling tenure = ln(2)/ln(1+r). Interest is taxable; no 80C deduction on purchase. Transferable and usable as collateral. Premature encashment allowed after lock-in with conditions.
Invest ₹1 lakh in KVP at 7.5% — doubles to ₹2 lakh in roughly 9 years 7 months. Use the KVP Calculator to model current rates.
Yes. KVP interest is taxable as per your slab; there is no EEE treatment like PPF.
Typically ₹1,000 and multiples thereof, with no upper limit for individuals.
Generally no for new purchases; resident Indians (and HUFs where allowed) are the primary subscribers.