Indira Vikas Patra (IVP)

Indira Vikas Patra (IVP) was introduced by the Indian government as a savings instrument in the 1980s with the goal of promoting small savings among individuals. Initially, IVP garnered widespread popularity due to its simplicity and attractive returns, making it a preferred choice for conservative investors seeking a secure way to grow their savings. Over the years, IVP evolved to adapt to changing market conditions, with adjustments made to interest rates and terms to remain competitive in the financial landscape. The National Savings Certificate (NSC) boasts security and tax benefits, but it's not perfect for every investor. The main drawbacks are limited liquidity due to a 5-year lock-in, potential for interest rates to fall behind inflation, and lower overall returns compared to some riskier investments. Additionally, while the principal amount gets a tax deduction, the interest earned is taxable. Those encountering concerns related to IVP can use our platform to file consumer complaints. With a commitment to providing exceptional Legal service, our team ensures prompt and effective assistance. We support through multiple online channels, and provide complete legal guidance and litigation support.