KISAN VIKAS PATRA SELL OR HOLD???

POSTED BY BHUPESH MEWARA ON December 30, 2011 6:22 pm COMMENTS (6)

DEAR ALL
I HAVING Rs 2L KISAN VIKAS PATRA PURCHASED IN OCT 2007,I WANT TO KNOW WHEN THEY WILL MATURE AND WHAT AMOUNT I WILL GET AND FROM WHERE TO REDEEM THEM AND WHAT IS THE PROCEDURE ?
SECOND IS THAT IF I REDEEM THEM NOW THEN WHO MUCH VALUE I WILL GET?

6 replies on this article “KISAN VIKAS PATRA SELL OR HOLD???”

  1. Narayan says:

    8 years and 7 months is the tenure for which a KVP was being issued. Once you have completed this tenure you can redeem your investments. However, if you wish to withdraw earlier; you can do so at a pre-fixed amount as prescribed by the KVP rules after 2 years and 6 months of holding to the KVP.
    You will have to go to the same post office from where you purchased these to withdraw/redeem them.
    Regards
    Narayan

    1. BHUPESH KUMAR says:

      thanks Narayan
      well explained

  2. Dear Bhupesh, I’m happy for the fact that I was able to help you. Please feel free to ask if you need more help.

    Thanks

    Ashal

  3. Dear Bhupesh Kumar, sorry, I forget to add, you may get the pre maturity amount from the KVP itself (stamped there) or from the local P. O.

    Thanks

    Ashal

    1. BHUPESH KUMAR says:

      thanks Ashal,very much thanks to you

  4. Dear Bhupesh Kumar, You can redeem the same even now from the same P.O. where these were purchased. The normal maturity ‘ll be in 8Y 7 months time i.e. May 2016. You ‘ll get the double of your original amount i.e. 4L Rs. maturity amount.

    Premature withdraw is possible.

    Thanks

    Ashal

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