Kisan Vikas Patra, also popularly known as KVP is one of a very good investment scheme with high interest rates. KVP has the following main features – Money doubles in 8 years and 7 months. Rate of interest 8.40% compounded annually. Minimum Investment Rs. 500/- No maximum limit. Two adults, Individuals and minor through guardian can purchase. Companies, Trusts, Societies and any other Institution not eligible to purchase. Non-Resident Indian/HUF are not eligible to purchase. Facility of encashment from...
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