Question
What is the maximum limit of investment in Kisan Vikas
Patra?Solution
Kisan Vikas Patra is a saving certificate scheme which was first launched in 1988 by India Post. The Government of India decided to close this scheme and KVP was closed in 2011 and the new government relaunched it in 2014. KVP certificates are available in the denominations of Rs 1000, Rs 5000, Rs 10000 and Rs 50000. The minimum amount that can be invested is Rs 1000. However, there is no upper limit on the purchase of KVPs.
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