KVP matured but not drawn. Simple interest @4% pa
This query is : Resolved
18 July 2020
KVP of Rs.60000/- was purchased on 20.10.2010 for 8 years and 7 months but failed to draw maturity value of Rs. 120000/- on 20.05.2019 due loss of KVP certificate. Post office assured me to pay a simple interest @4% pa for next two years only. Will I get proposed interest on maturity value or investment amount?
18 July 2020
You will get 1,20,000 plus 4% interest from due date to date of withdrawal.
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