In a bid to warum suchen junge frauen altere manner encourage the habit of small savings among citizens, Union government plans to re-launch the once successful Kisan Vikas Patra (KVP) on Tuesday.
Union Finance Minister Arun Jaitley will re-launch the Kisan Vikas Patra (KVP) in New Delhi on Tuesday in the presence of Ravi Shankar Prasad, Union Minister of Communication and IT and Jayant Sinha, Minister of State for Finance among others, said a PIB release.
This investment, suche frau aus zurich too, is eligible for tax deduction under Section 80C.Jaitley, in his budget speech had announced that KVP and National Savings Schemes (NSS) will be re-introduced.The facility of transfer from one post office to another anywhere in India is also available.7575.95 crores (April 2011 to November 2011).To increase domestic savings, which fell to 30 of gross domestic product, or GDP, in 2012-13 from the peak.8 in 2008, the government has re-launched Kisan Vikas Patra, or KVP, a small savings scheme it had discontinued in 2011.
Though the investment matures in eight years and four months, one can redeem it after the lock-in period of two years and six months and thereafter in a block of six months by getting a pre-determined maturity value.Later, they will also be available at designated branches of public sector banks.Further, the investor did not have to" his PAN, which was also an incentive.KVP certificates will be in denomination of Rs 1,000, Rs 5,000, Rs 10,000 and Rs 50,000.Investors must note that the interest earned will be taxable.The certificates can be issued in single or joint names and can be transferred from one person to any other person / persons, multiple times.
KVPs have unique liquidity feature, where an investor can, if he so desires, encash his certificates after the lock-in period of 2 years and 6 months and thereafter in any block of six months on pre-determined maturity value.
Also, without PAN, there was risk that the KVP will be used for money laundering).