KISAN VIKAS PATRA -- FOR INTERVIEW PURPOSES

http://www.indianpostoffice.helpof.com/kisan-vikas-patra-kvp-from-indian-post-office/ Money doubles in 8 years and 7 months. Facility for premature encashment as per the table given below (for the KVP purchased on or after 1st March 2003).   After Amount Payable  2 years 6 months or more but less than 3 years 1170.51  3 years more but less than 3 years 6 months 1207.95  3 years 6 months or more but less than 4 years  1267.19  4 years or more but less than 4 years 6 months  1310.80  4 years 6 months or more but less than 5 years  1355.90  5 years or more but less than 5 years 6 months  1435.63  5 years 6 months or more but less than 6 years  1488.49 6 years or more but less than 6 years 6 months 1543.30 6 years 6 months or more but less than 7 years 1649.13 7 years or more but less than 7 years 6 months 1713.82 7 years 6 months or more but less than 8 years  1781.06 8 years or more but less than 8 years 7 months 1850.93 Investment Limits and Denominations No limit on investment. Available in denominations of Rs.100,Rs. 500/-, Rs. 1,000/-, Rs. 5,000/-, Rs. 10,000/- in all post offices and Rs. 50,000/- in Head  Post Offices.   Features and Tax Rebate  A Single Holder type certificate may be issued to:      An adult for himself or on behalf of a minor or to a minor      Can be purchased jointly by two adults      A Trust. Interest accrued on early basis for Tax purposes.    The Govt. of Maharashtra has declared the KVP as a "Public Security" under the provision of Mumbai Public Trust Act. 1950.  Interest accrued on yearly basis will be taken as income  for Income Tax purposes