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KVP - Kisan Vikas Patra Calculators

KVP - Kisan Vikas Patra Calculators

 

A KVP - kisan vikas patra Calculator - calculate maturity amount & date.

KVP - Kisan Vikas Patra is a small savings instrument that will facilitate people to invest in a long term savings plan. This scheme was originally introduced by the Government of India in 1988 and was again reintroduced in 2014 with some changes. Even though this scheme was popular, a Government Committee formed in 2011 suggested that KVP could be misused for purposes like money laundering. In 2014, Kisan Vikas Patra was relaunched with a number of changes including mandatory PAN Card proof for investments over Rs.50,000 and income source proof for investments exceeding Rs.10 lakh. The main advantage of opening a KVP investment is the availability and ease of process - the Small Savings Directorate offers KVP certificates in all Post Offices across the country. Any resident Indian can invest in a KVP scheme and can obtain a certificate either jointly, individually or in the name of a minor. The principal amount invested in KVP will be doubled in a time of 8 years and 4 months.