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Sunday, February 19, 2012

Post Office Savings Schemes at a glance - Kisan Vikas Patras


Ready Reckoner 
Kisan Vikas Patras
1. Discontinued from 01.12.2011
2. Maturity period  of KVPs issued  in between
01.01.1999
to
14.01.2000
15.01.2000
to
28.02.2001
01.03.2001
to
28.02.2002
01.03.2002
to
28.02.2003
01.03.2003 onwards
6   years
6   years 6 months
7  Years 3 months
7 years 8 months
8 years 7 months
3.Premature closure of KVPs issued on or after 01.03.2003
Period
Value
Period
Value
≥ 2years 6 months but < 3 years
1170.51
  5 years 6 months but <  6  years
1488.49
≥ 3years  but < 3 years 6months
1207.95
  6 years   but < 6 years 6months
1543.30
≥ 3 years 6 months but < 4  years
1267.19
≥ 6 years 6 months but < 7 years
1649.13
  4 years   but < 4 years 6months
1310.80
≥ 7 years   but < 7  years 6months
1713.82
  4 years 6 months but <  5  years
1355.90
  7 years 6 months but <  8 years
1781.06
≥ 5 years   but < 5  years 6months
1435.63
  8 years   but < 8 years  7months
1850.93
Post Maturity Interest: At the rate 3.5% up to 30.11.2011 and at the rate 4% from 1.12.2011 onwards ( from the date of maturity to date of payment ignoring any part of the period which is less than one month  and rounding  off  to nearest multiple of rupee one  considering 50 paise or more to next higher rupee and ignoring less than 50 paise.
At 3.5 % till 30.11.2011
At 4 % from 01.12.2011 onwards
Months
For maturity value
Months
For maturity value

2000
10000
20000

2000
10000
20000
1
6
29
58
1
7
33
67
2
12
58
117
2
13
67
133
3
18
88
175
3
20
100
200
4
24
117
233
4
27
133
267
5
29
146
292
5
33
167
333
6
35
175
350
6
40
200
400
7
41
204
408
7
47
233
467
8
47
233
467
8
53
267
533
9
53
263
525
9
60
300
600
10
58
292
583
10
67
333
667
11
64
321
642
11
73
367
733
12
70
350
700
12
80
400
800
Compiled by : Bruhaspati Samal, Secretary, AIPEU, Gr.-C, Bhubaneswar Division and Postmaster, Sahidnagar MDG, Bhubaneswar – 751 007

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