Useful tips

How KVP interest is calculated?

How KVP interest is calculated?

There is no fixed tenure of KVP. It depends on the interest rate as declared by the Government from time to time. As per the present interest rate of 6.9% per annum for this scheme, the tenure of investment comes to 10 years and 4 months (i.e., 124 months).

How much tax deducted Kisan Vikas Patra?

Tax on Kisan Vikas Patra The amount invested in KVP does not offer any tax deductions under Section 80C. Even the interest earned on KVP is exempted from income tax and TDS of 10% is deducted from interest.

What is maturity value of KVP?

KVP Maturity Period According to the latest amendments in the scheme, the maturity period is 10 years and 4 months (124 months). The invested amount is doubled after the completion of the scheme tenure. For example: If an individual has invested Rs. 10,000, he/she will get Rs. 20,000 at maturity.

How can I check my KVP online?

NSC and KVP in e-mode

  1. You have to opt for this option only if you have a savings account with the Bank/Post Office.
  2. You have to apply for internet banking.
  3. Once internet banking is facilitied, then you can view all your holding exactly like online Bank FDs or RDs.
  4. There will not be any seriel number from now onward.

Which is the best calculator for KVP Kisan Vikas Patra?

A KVP – kisan vikas patra Calculator – calculate maturity amount & date. KVP – Kisan Vikas Patra is a small savings instrument that will facilitate people to invest in a long term savings plan. This scheme was originally introduced by the Government of India in 1988 and was again reintroduced in 2014 with some changes.

Which is the maturity date of Kisan Vikas Patra?

Kisan Vikas Patra (KVP) is one of money double scheme of government of india, available through most of post-offices of india. This page provides tool to calculate maturity date of Kisan Vikas Patra (KVP) as well as maturity amount of it. As you might know that Kisan Vikas Patra (KVP) is first introduced in 1988 by government of india.

Which is the best way to invest in Kisan Vikas Patra?

Kisan Vikas Patra ( KVP) is a savings scheme provided by the Indian Government. Available in all Post Offices of India, the investments made in the scheme are issued as KVP certificates in the name of the investor. KVP scheme provides substantial returns on the completion of its maturity period via high-interest rates.

How to calculate KVP interest rate in Fintra?

Manually calculating will cause some errors. Hence, use Fintra’s KVP Calculator to get accurate results. Fill in the spaces with the required details: 1. Amount Invested 2. KVP Annual Interest Rate 3. Time Period (Years) Hit the ‘Submit’ button, and the results will appear on the side of the calculator.