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- Presently the Rate of Interest is 7.5% and remains fixed throughout the maturity tenure of a deposit.
- The interest rates for the scheme may be reviewed by Government on quarterly basis.
- Minimum of Rs. 1,000 and in multiples of Rs. 100 with no maximum limit.
- Certificate can be purchased by an adult for himself or on behalf of a minor or by two adults.
- All branches are authorized to issue e-KVP.
- Nomination facility available.
- Lock in period of 2 years 6 months. Premature closure before 2 years 6 months is allowed only:
- On the death of the holder or any of the holders in the case of joint holder.
- On forfeiture by a pledge being a gazetted government officer.
- When ordered by a court of law.
