Indra vikas patra

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

27 December 2012 Hi There,

Years ago POST OFFICES had Indra Vikas Patra. Where your money would double after 5 years.

Can anyone tell me which year this scheme started and which year this scheme ended.

I have googled alot but there is info only about Kisan Vikas Patra. And only available info is Indra Vikas Patra scheme is now closed. But I want to know which year this scheme closed/withdrawn. If the 5 year double amount was not called indra vikas patra. Then can you please tell which year the 5 years double money scheme closed.

Thanks alot

Amol S Joglekar

Amol S Joglekar (Expert)
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27 December 2012 http://www.indiapost.gov.in/Pdf/Manuals/POSB_Manual_Vol-I.pdf
Follow this.
The scheme was criticised mainly on account of its BEARER kind of deposits. No KYC norms were in vogue in those days.

Querist : Anonymous

Querist : Anonymous (Querist)

28 December 2012 Thanks Amolji.

I have seen this doc earlier but it doesnot clearly say from which day or month the 5 years double money scheme has been closed.

I am very particularly looking for when has the 5 yr double money scheme closed. I need this for my family dispute money.

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Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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01 August 2024 The **Indira Vikas Patra (IVP)** was a savings scheme introduced by the Indian government to encourage long-term savings. Here's a summary of its history:

### **Indira Vikas Patra (IVP) Scheme Details:**

- **Introduction**: The Indira Vikas Patra scheme was introduced in **1986**.

- **Doubling Period**: Under this scheme, investments were designed to double in value over a period of 5 years.

- **Closure**: The Indira Vikas Patra scheme was discontinued in **1999**.

### **Historical Context:**

- **Kisan Vikas Patra (KVP)**: The Kisan Vikas Patra was introduced in **1988** and, like the Indira Vikas Patra, it was also a scheme for doubling the investment amount in a specified period (typically 8 years and 7 months). Unlike the IVP, the KVP scheme continues to be available in various forms.

### **Summary:**

- **Start Year**: 1986
- **End Year**: 1999

The scheme was phased out, and investors were encouraged to look into other available government savings schemes or fixed deposit options for their investment needs.

Amol S Joglekar

Amol S Joglekar (Expert)
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03 August 2024 The Indira Vikas Patra scheme was introduced in the year 1986