• Skip to main content
  • Skip to primary sidebar
  • Home
  • Mutual funds
  • stock trading
  • saving schemes
  • Tax
  • Life Insurance
  • Credit card

Jo jo wealth

AMFI Registered Advisor

kisan vikas patra KVP Interest rate, calculation, tax, comparison with NSC PPF FD etc

kisan Vikas Patra (KVP)

Eligibility Individual age above 18 years, minor
Interest rate 7.3%
How to open at the post office only
Investment Limit Per Year 1000 to No upper limit (but above 10 lakhs Income proofs required ex: ITR, salary slip, etc)
Premature closing after 2.5 years
Maturity / Lock-in Period 9 years & 4 months (112 months). based on interest rate
Extension Reinvestment
Tax Benefits NO benefits
Application form pdf #here
Transfer person to person & post office to post office

 

Kisan Vikas Patra Eligibility:

This Scheme not only for farmers (earlier designed for formers) but its applicable for everyone. every citizen of India 18+ years. but not for NRI & HUF.

Benefits:

  1. Loadn facility again KVP
  2. Nomination faciity
  3. Double your money in long term investment
  4. you can buy certificates of 100, 500, 1000, 5000, 10,000 and 50,000 & multiples of 50k like that.
  5. Capital Protection & appreciation
  6. Guaranteed Returns backed by the government.

How to Purchase KVP Certificates?

Visit any nearest post office along with amount/cheque. for 50000 above instment pan card compulsory. income proofs required if you invest more than 10 lakhs.

KVP Interest rate rates

Note: Intrest rates adjust every quarter depending on inflation rates.

Interest added/compounded annually not quarterly like bank FD.

Time Period Interest Rate 
Q2 FY 2019-20 NA
Q1 FY 2019-20 7.7%
Q4 FY 2018-19 7.7%
Q3 FY 2018-19 7.7%
Q2 FY 2018-19 7.3%
Q1 FY 2018-19 7.3%

 

KVP Maturity Calculations

7.7% double in 112 months

72/7.7=9.3 years

 

property values
Invested amount  10,00,000
Invested date   18/5/2019
Maturity Amount  20,00,000
Maturity Date  18 July 2028
Total Interest  10,00,000

 

Tax benefits

Section 80C Not applicable,

No TDS by Post office for KVP & other schemes too.

 

Comparison kvp vs ppf vs nsc vs scss vs mis vs fd

  1. NSC: 5 years term with section 80c applicable interest rate 7%* ETE >>
  2. FD: 5 years with low-interest rate 6-7% TDS  and No tax benefits. ETE
  3. POMIS: Its pension scheme invests lumpsum get monthly income for 4.5 lakh you get 2888 month.
  4. KVP: 10 years lumpsum capital appreciation @ rate 7.7* tax status
  5. SCSS: Senior Citizen Saving scheme Its also Pension scheme, invest lumpsum get quarterly payment @7%* ETE
  6. PPF: 15 years monthly annual contribution at 7%* Tax-free EEE
  7. NPS:  Retirement pension scheme up to 60 Years Age.  interest rate Market condition of  stocks Tax-free EEE

Note: for tax purose please verify with CA it’s maybe confusing you.

E= Exemption for tax

T= Taxed

EEE/ EET/ ETE/TEE /TTE / TET  = Investment, accumulated interest, withdrawal.

 

 

Primary Sidebar

  • EPF balance Interest rates return calculation transfer Tax benefits
  • Sukanya Samriddhi Yojana SSY ,eligibility, returns, tax benefits, Calculation
  • How to Open PPF Account Eligibility Interest rates Return tax Benefits etc
  • NPS Scheme Application process Features, tax benefits, returns, comparison
  • kisan vikas patra KVP Interest rate, calculation, tax, comparison with NSC PPF FD etc
  • POMIS Post Office Monthly Income Scheme vs lic jeevan akshay vi vs Bank FD
  • FIxed Deposit Interest Rates (ICICI, SBI,HDFC etc) FD Calculator
  • Senior Citizen Saving Scheme Interest rate, calculation, eligibility tax benefits
  • Recurring Deposit calculator, interest rates
  • ULIP vs SIP, PPF, Mutual Funds FD, Term Plan, LIC, Endowment Plans
  • National Saving Certificate NSC calculator, interest rates eligibility tax etc



  • Home
  • Mutual funds
  • stock trading
  • saving schemes
  • Tax
  • Life Insurance
  • Credit card

Tools

  • two wheeler loan emi calculator
  • Car Loan EMI Calculator
  • Personal Loan EMI calculator
  • Home Loan EMI calculator
  • Recurring Deposit calculator
  • FD Calculator

Follow Us

Facebook

Twitter

 

disclaimer: Information here for education purpose only
Copyright 2019 All Rights reserved TOS Disclaimer