The Union Finance Minister Shri Arun Jaitley launched Kisan Vikas Patra (KVP) in the presence of Shri Ravi Shankar Prasad, Union Minister of Communication and IT.
The Secretary, Department of Posts Ms.Kavery Banerjee along with all seniors officers of the Department graced the occasion.
Salient Features of re-launched Kisan Vikas Patra :
Amount Invested doubles in 100 months ( 8 years & 4 months)
Available in denominations of Rs 1,000, 5000, 10,000 and Rs 50,000.
Minimum deposit Rs 1000/- and no maximum limit.
Certificate can be purchased by an adult for himself or on behalf of a minor or by two adults.
KVP can be purchased from any Departmental Post office..
Facility of nomination is available.
Certificate can be transferred from one person to another and from one post office to another.
Certificate can be encashed after 2 & 1/2 years from the date of issue.
The Department of Posts has issued SB Order No 12/2014 dated 17-11-2014 with notification issued by the Ministry of Finance.
On the occasion the following officials of the Department were honored for their commendable job in promoting Small Saving Schemes.
Shri Om Prakash Branch Postmaster of Sakatpur Branch Office, in Fatehgarh Postal Division, Uttar Pradesh. He opened maximum SB accounts (12213) during 2013-14.
Shri Hari Chand Postmaster, Ballabgarh, Mukhya Dak Ghar (MDG) Sub Post office in Faridabad Postal Division of Haryana Circle. He opened maximum SB accounts (38592) during 2013-14.
Shri R. N. Maheswari, the then Sr. Postmaster, Rajkot HO now Superintendent of Post Offices of Amreli Division in Gujarat Circle. He opened maximum SB accounts (178278) during 2013-14.
Shri Kawal Jit Singh, Assistant Director in Financial Services Division of the Department of Posts. He has played a key role in managing various Financial Services of the Department and towards implementation of CBS in Post Offices