Kisan Vikas Patra (KVP) : A scheme of the post office, the Kisan Vikas Patra has the following features:
- The minimum amount of investment is 1,000. There is no maximum limit.
- The investment doubles in 8 years and 7 months. Hence the compound interest rate works out to 8.4 percent.
- There is no tax deduction at source.
- KVPs can be pledged as a collateral security for raising loans.
- There is a withdrawal facility after 2 ½ years.
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