- Minimum Investment Rs. 500/- No maximum limit.
- Rate of interest 8.40% compounded annually.
- Money doubles in 8 years and 7 months.
- Two adults, Individuals and minor through guardian can purchase.
- Companies, Trusts, Societies and any other Institution not eligible to purchase.
- Non-Resident Indian/HUF are not eligible to purchase.
- Facility of encashment from 2 ½ years.
- Maturity proceeds not drawn are eligible to Post office Savings account interest for a
- Maximum period of two years.
- Facility of reinvestment on maturity.
- Patras can be pledged as security against a loan to Banks/Govt. Institutions.
- Patras are encashable at any Post office before maturity by way of transfer to desired Post office.
- Patras are transferable to any Post office in India.
- Patras are transferable from one person to another person before maturity.
- Duplicate can be issued for lost, stolen, destroyed, mutilated and defaced patras.
- Nomination facility available.
- Facility of purchase/payment of Kisan vikas Patras to the holder of Power of attorney.
- Rebate under section 80 C not admissible.
- Interest income taxable but no TDS.
- Deposits are exempt from Wealth tax.
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