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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.

 

 

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