In this video, we will discuss key features of Kisan Vikas Patra or KVP.
Edited highlights
0:04 In this video, we will discuss key features of Kisan Vikas Patra or KVP
0:38 The money or the investment doubles in 118 months or 9 years and 10 months
1:06 The interest rate for KVP moves in tandem with other Small Savings Schemes of Post Office Savings Schemes
1:14 Like National Savings Certificates (NSC), Kisan Vikas Patra is also available in post offices
1:39 While KVP interest rates like the interest rates of Small Savings Schemes can change every quarter. Once you have bought into a KVP you are locked into the interest rate
1:59 This is unlike other Small Savings Schemes like Public Provident Fund (PPF) where the interest rate can change during the tenure of the investment
2:18 While KVP has a minimum investment of Rs 1,000, there is no cap on the maximum investment
2:34 KVP is transferrable from one post office to another and from one person to the other
2:43 You can take a loan against KVP from financial institutions with the loan tenure being less than the period to KVP's maturity
3:05 Premature exit from KVP is allowed after 30 months
3:40 KVP bought at regular intervals creates regular income flow on maturity and creates an "income ladder" or periodic income
3:47 This can help in retirement or to meet regular income needs during child's higher education
