Our Recommendations :-
Follow OTHER TAX FB Page

Amount paid on Premature Encashment of KVP?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 rohith asked almost 3 years ago

Amount paid on Premature Encashment of KVP

    0       0 Answer Now Comment Report
1 Answers
Important Note – Preparing for OTHER TAX?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Picsjoin 2017224123730582 Archana answered almost 3 years ago

Hie Rohith, **Amount paid on Premature Encashment of KVP is :-** Although KVP offers pre-maturity withdrawal,as per KVP official site, the minimum lock-in period is two and half years. Hence, applicants can withdraw the amount before their actual maturity date. Under such cases, the holder will receive the entire principal amount and the earned interest until that period. In order to withdraw the amount, the holder has to visit the office that issued the certificate. The authority will return the full amount upon submitting the identity slip. In some cases, if visiting the branch that issued the certificate is not possible then applicant can visit the local post office and fulfill the formalities to obtain the matured amount. If the withdrawal of the amount is pre-mature, the applicant receives the principal amount and the interest. However, the interest will be less than the original value.

    0       0 Comment Report
Similar Questions
Get Notifications
Videos
Books
Notes
Loading
SIGN UP
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.