Kissan Vikas Patra, NSC Now In Electronic Mode; What To Do With Certificates?

Kisan Vikas Patra (KVP) and National Savings Certificate (NSC) are popular post office schemes which will now be issued in electronic form.

As of now, KVP certificates have denominations from Rs 1,000 to Rs 50,000. KVP can be purchased from any Departmental Post office or banks. The certificate can be encashed after 2 & 1/2 years from the date of issue.

National Savings Certificate (NSC) can be used as collateral security to get loan from banks. Investment up to Rs 1.5 lakh qualifies for income tax rebate under section 80C.

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