| Savings >> Small Saving Schemes >> Kisan Vikas Patra |
| Interest Payable, Rates Periodicity etc. |
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| Money Doubles in 8 years 7 months. There are no front end rear end income tax benefits. Facility for premature encashment as per the table given below in respect of certificate of Rs. 1000: |
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| After |
Amount Payable |
| 2 1/2 years |
Rs. 1170 |
| 3 years |
Rs. 1208 |
| 3 1/2 |
Rs. 1267 |
| 4 years |
Rs. 1311 |
| 4 1/2 |
Rs. 1356 |
| 5 years |
Rs. 1436 |
| 5 1/2 years |
Rs. 1488 |
| 6 years |
Rs. 1543 |
| 6 1/2 years |
Rs. 1640 |
| 7 years |
Rs. 1713 |
| 7 1/2 years |
Rs. 1781 |
| 8 years |
Rs. 1850 |
| after 8year 7 months |
Rs. 2000 |
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| 8 years 7 months Maturity value Rs. 2000/-. |
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| Investment Limits & Denominations |
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| No limit on investment. Available in denominations of Rs. 100/-, Rs. 500/-, Rs. 1000/-, Rs. 5000/-, Rs. 10,000/-, in all Post Offices and Rs. 50,000/-, in all Head Post Offices. |
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| The policies are subject to a condition that the insurance cover would not extend beyond 65 years. All loans must be liquidated by the time the borrower attains the age of 65. |
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| Salient Features Including Tax Rebate |
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| A Single holder type certificate may be issued to : |
- An adult for himself or on behalf of a minor or to a minor
- Trust
- No tax consation front & rare endowment benefit
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