An investment scheme where the amount invested doubles in 110 months (9 years & 2 months). It is available in form of investment certificates, in denominations of Rs 1,000, 5000, 10,000 and 50,000.
Key Features:
- Minimum deposit Rs 1000/- and no maximum limit.
- Certificate can be purchased by an adult for himself or on behalf of a minor or by two adults.
- KVP can be purchased from any departmental post office.
- Facility of nomination is available.
- Certificate can be transferred from one person to another and from one post office to another.
Source: India Post
