Money doubles in 8 years and 7 months. Facility for premature encashment as per the table given below (for the KVP purchased on or after 1st March 2003).

Maturity value for Rs. 1,000/- denomination

After	Amount Payable
2 years 6 months or more but less than 3 years	1170.51
3 years more but less than 3 years 6 months	1207.95
3 years 6 months or more but less than 4 years	1267.19
4 years or more but less than 4 years 6 months	1310.80
4 years 6 months or more but less than 5 years	1355.90
5 years or more but less than 5 years 6 months	1435.63
5 years 6 months or more but less than 6 years	1488.49
6 years or more but less than 6 years 6 months	1543.30
6 years 6 months or more but less than 7 years	1649.13
7 years or more but less than 7 years 6 months	1713.82
7 years 6 months or more but less than 8 years	1781.06
8 years or more but less than 8 years 7 months	1850.93

Investment Limits and Denominations

No limit on investment.
Available in denominations of Rs.100,Rs. 500/-, Rs. 1,000/-, Rs. 5,000/-, Rs. 10,000/- in all post offices and Rs. 50,000/- in Head  Post Offices.
 

Features and Tax Rebate

A Single Holder type certificate may be issued to:
    An adult for himself or on behalf of a minor or to a minor
    Can be purchased jointly by two adults
    A Trust. Interest accrued on early basis for Tax purposes.
 
The Govt. of Maharashtra has declared the KVP as a "Public Security" under the provision of Mumbai Public Trust Act. 1950.

Interest accrued on yearly basis will be taken as income  for Income Tax purposes