Your KYP account will be automatically closed on maturity

On maturity, you need to visit the post office where you opened your KYP, submit the KYP certificate and collect the deposited amount and return it in the form of a cheque

The date and period of maturity will be specified on your KYP investment certificate at the time of opening

Premature withdrawal is usually not permitted for KYP investment

However, under extreme circumstances, premature withdrawal might be permitted. These are as follows:

• Death of the account holder in case of individual account
• With the order of the court
• If you are not able to repay the loan against your KYP investment

In any case, premature withdrawal of KYP can only occur after two years and six months from the date of deposit

Kisan Vikas Patra (KYP) is a one-time investment certificate offered by post offices

The speciality of this scheme is that you can get double your invested amount in 124 months

KYP is a low risk and long term investment scheme and cannot be withdrawn prematurely