What is the primary objective of the Kisan Vikas Patra (KVP) savings scheme?

To provide short-term investment opportunities with high risk To encourage long-term savings among Indians with a low-risk option To offer tax benefits under Section 80C of the Income Tax Act To facilitate investments exclusively for urban residents with high income

Which of the following is a unique feature of the 'Joint B' type KVP certificate?

It allows investment from non-resident Indians (NRIs) The interest earned is payable to only one of the two investors It offers a higher interest rate compared to other KVP types It permits investment from Hindu Undivided Families (HUFs)

What is the current interest rate offered on KVP investments?

6.9% 7.2% 7.5% 7.7%

What is the minimum investment amount required to purchase a KVP certificate from a post office?

Rs. 500 Rs. 1,000 Rs. 5,000 Rs. 10,000

Under what circumstances is premature withdrawal of KVP investments allowed after 30 months?

If the investor decides to switch to a different savings scheme If the interest rates on other investment options become more favorable In the event of the owner's death or a court directive If the investor faces a sudden financial emergency

Which of the following is NOT a benefit of investing in KVP?

Flexibility in investment amount Tax benefits under Section 80C Ease of transfer Loan options using KVP certificates as collateral

Who determines the interest rate for Kisan Vikas Patra?

Reserve Bank of India Securities and Exchange Board of India Finance Ministry of India India Post

What is the maturity period for KVP investments at the current interest rate?

100 months 113 months 124 months 135 months