Our 1227 Branches are authorized for sale of certificate under the scheme.
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Maturity Amount /Period:
Invested amount doubles on maturity after 112 Months i.e. Nine Years and Two months.
Interest on KVP:
As notified by the Government of India. http://www.unionbankofindia.co.in/Government_Saving_Scheme.aspx
Nomination facility is available
Denomination / Deposit limits:
No income tax benefit is available under the scheme. However the deposits are exempt from Tax Deduction at Source (TDS) at the time of withdrawal.
Certificate can be encashed after 2 & 1/2 years from the date of issue.
In case of difficulty, contact our Customer Care at: 1800-22-22-44”