Ready Reckoner : KVP

1. Discontinued from 01.12.2011

2. Maturity period  of KVPs issued  in between 01.01.1999 to 14.01.2000 15.01.2000 to 28.02.2001 01.03.2001 to 28.02.2002 01.03.2002 to 28.02.2003 01.03.2003 onwards 6   years 6   years 6 months 7  Years 3 months 7 years 8 months 8 years 7 months

3.Premature closure of KVPs issued on or after 01.03.2003 Period Value Period Value ≥ 2years 6 months but < 3 years 1170.51 ≥  5 years 6 months but <  6  years 1488.49 ≥ 3years  but < 3 years 6months 1207.95 ≥  6 years   but < 6 years 6months 1543.30 ≥ 3 years 6 months but < 4  years 1267.19 ≥ 6 years 6 months but < 7 years 1649.13 ≥  4 years   but < 4 years 6months 1310.80 ≥ 7 years   but < 7  years 6months 1713.82 ≥  4 years 6 months but <  5  years 1355.90 ≥  7 years 6 months but <  8 years 1781.06 ≥ 5 years   but < 5  years 6months 1435.63 ≥  8 years   but < 8 years  7months 1850.93

Post Maturity Interest: At the rate 3.5% up to 30.11.2011 and at the rate 4% from 1.12.2011 onwards ( from the date of maturity to date of payment ignoring any part of the period which is less than one month  and rounding  off  to nearest multiple of rupee one  considering 50 paise or more to next higher rupee and ignoring less than 50 paise. At 3.5 % till 30.11.2011 At 4 % from 01.12.2011 onwards Months For maturity value Months For maturity value 2000 10000 20000 2000 10000 20000 1 6 29 58 1 7 33 67 2 12 58 117 2 13 67 133 3 18 88 175 3 20 100 200 4 24 117 233 4 27 133 267 5 29 146 292 5 33 167 333 6 35 175 350 6 40 200 400 7 41 204 408 7 47 233 467 8 47 233 467 8 53 267 533 9 53 263 525 9 60 300 600 10 58 292 583 10 67 333 667 11 64 321 642 11 73 367 733 12 70 350 700 12 80 400 800

Compiled by : Bruhaspati Samal, Secretary, AIPEU, Gr.-C, Bhubaneswar Division and Postmaster, Sahidnagar MDG, Bhubaneswar – 751 007

Source : http://sapost.blogspot.in/