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Office Schemes |
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| Features
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Returns
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KVP Scheme doubles money in seven years and eight months.
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Investment Limitation
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Min Amount Rs.
100/- and additional investment in multiples of Rs. 100/-.
Max Amount No Limit
Denominations Rs. 100/-, 500/-, 1,000/-, 10,000/-, 50,000/-.
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Scheme Availability
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All through the year.
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Mode of Operation
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- Single
- Joint (Two or more)
- Minor with parent/guardian
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Tenure of Investment
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Money doubles in 7 years & 8 months.
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Nomination
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Facility is available at the time of opening the account or
anytime during the tenure of the investment.
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Premature Encashment
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Premature encashment is permitted after 2.5 years from the
date of investemnt. Lower interest accrued, if prematurely withdrawn.
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Maturity
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On providing proper identity and by simple discharge of the
certificate on the reverse.
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Loss of Certificate
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If the loss is due to theft, fire or the certificate is mutilated,
a duplicate certificate is issued after proper verification.
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Tax Benefits
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No Tax benefits are available for investments in this scheme
under the Income Tax Act
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Tips for Investing
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- A good investment instrument for all retired persons who would require
the money at a later date and for those who do not have taxable income.
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