New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Question

    Consider the following statements about Kisan Vikas

    Patra (KVP): 1. The interest rate is 7.5% per annum. 2. The minimum deposit is ₹1000. 3. The scheme offers a fixed maturity duration of 10 years.
    A 1 only Correct Answer Incorrect Answer
    B 1, 2 and 3 only Correct Answer Incorrect Answer
    C 2 and 3 only Correct Answer Incorrect Answer
    D 1 and 2 Correct Answer Incorrect Answer

    Solution

    The maturity duration depends on when the amount doubles (currently 115 months), not a fixed 10 years.

    Practice Next