Indira Vikas Patra (IVP)

iAbout This Scheme

Indira Vikas Patra were bearer bonds issued through post offices from 1986 that doubled in value in a set period. They were discontinued in 2001 due to concerns about money laundering, as being bearer instruments they could be transferred without documentation. Outstanding certificates were encashed until 2006.

🎁Key Benefits

Bearer bonds doubling in set tenure
Transferable without documentation (bearer feature)
Available in denominations from ₹100 to ₹10,000

✅Eligibility Criteria

1
Any individual; bearer instrument — no KYC required at purchase (now discontinued)

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📝How to Apply

❓Frequently Asked Questions

Are post office savings schemes safe?

Yes, all India Post savings schemes are backed by the Government of India and carry sovereign guarantee, making them among the safest investment options available.

What is the current interest rate for PPF?

PPF (Public Provident Fund) currently offers 7.1% interest rate (tax-free). The interest is compounded annually. PPF has a 15-year maturity period with partial withdrawal allowed from 7th year.

Can NRIs invest in post office schemes?

Most post office schemes are only for resident Indians. NRIs are generally not eligible for NSC, PPF, or post office savings accounts. However, NRIs can maintain existing PPF accounts opened before becoming NRI.

What is the minimum investment in NSC?

National Savings Certificate (NSC) can be opened with a minimum investment of ₹1,000 and in multiples of ₹100. There is no maximum limit. Investment qualifies for tax deduction under Section 80C.