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Loan on Kisan Vikas Patra

Loan on Kisan Vikas Patra

Investments in KVPs (Kisan Vikas Patras) cannot be done by companies, institutions or business groups. Hindu Undivided Families and NRI citizens too cannot invest in these.

When KVP reaches its maturity time, the investor gets full return on his investment, because the interest on accrued KVP income, though taxable, has its tax component deducted at source itself. KVP does not qualify for any Wealth Tax Liability as well. When you buy a KVP, you will not get any rebate under section 80C; however this becomes a valid surety that you can present at banks and financial institutions for taking a loan.

Unlike other sources of investments, KVPs can be easily transferred among various people and among various post offices in the country. The applicant can maintain his status in the same level as at the time of making the investment. If you have lost or misplaced your KVP, or if it is destroyed, mutilated or defaced, it is very easy to make a duplicate KVP.

These KVPs are approved by the Indian Government and they guarantee full return of their investment, hence, they are apt choices for investors who do not like to take any risks. The returns on the KVP is lesser than PPF or NSC but higher than the returns of FD. Irrespective of the value of investment, KVPS assure you of guaranteed returns. If an investor wants to convert his Patras into cash before the maturity date, he can do so easily.

Loan on Kisan Vikas Patra

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