BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Maximum limit (amount) that can be invested in Kisan Vikas Patra (KVP) Certificate is?
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Rs.100
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Rs.200
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Rs.500
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No limit
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Explanation:
Detailed explanation-1: -KVP certificate can be issued in the following denominations-Rs 1, 000, Rs 5, 000, Rs 10, 000 and Rs 50, 000. But, if an individual wants to invest more than Rs. 50, 000 in the scheme, he/she must submit the PAN card to curb misuse. Hence, there is no maximum limit to investments in the KVP scheme.
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