Purchase of certificates

Rate of Interest 
Place of encashment Replacement of Certificate

High yielding Scheme:
KISAN VIKAS PATRA ( Money doubles in 8 years  and 7 months)

Sl. No.

Name of the Scheme

Interest Maturity Period Limit of Deposit I.T.benefit Place of Deposit


  8 years and 
7 months


Max: No Limit
  All Head Post Office and other authorised Post Offices.



Purchase of Certificates

Certificates under the scheme can be purchased by an individual, jointly by two individuals.

Certificates are available in denominations of Rs.100 , Rs.500 , Rs 1000, Rs 5000, Rs 10000 and Rs.50000.There is no maximum limit on the purchase of certificate.

Identity Slip will be issued to the depositors on request.



Rate of Interest 
Deposit doubles in 8 years 7 months .

A Certificate can be encashed at any time after expiry of 2 years from the date of issue of the certificate.



Place of Encashment
Certificate can be encashed at the post office of its issue. This can also be encashed at any other post office if the officer in-charge of that post office is satisfied on production of Identity Slip or on verification from the post office of issue that the person presenting the certificate for encashment, is entitled thereto.



Replacement of Certificate
A duplicate  certificate  may be issued    if  the certificate  is lost , stolen destroyed, mutilated   or  defaced, provided a  satisfactory evidence is produced about such loss, theft, destruction, mutilation or defacement.