Kisan Vikas Patra (KVP) is a savings scheme introduced by the Government of India in 1988 to encourage long-term financial planning among rural and urban investors. Initially discontinued in 2011 due to concerns about money laundering, it was reintroduced in 2014 with modifications to address these issues. The scheme offers a secure investment option, doubling the invested amount in a predetermined period. The primary appeal of KVP lies in its simplicity and government backing, making it a popular choice for risk-averse investors looking for a reliable savings instrument. Consumer complaints about KVP typically revolve around the cumbersome administrative procedures and the lack of modern digital interfaces. Investors have reported delays in the issuance and maturity of certificates, along with inadequate support from post office staff, where the scheme is primarily managed. Additionally, there are grievances related to insufficient awareness and guidance on the scheme's details, leading to misunderstandings and dissatisfaction among the consumers. Those encountering concerns related to Kisan Vikas Patra can use our platform to file consumer complaints. With a commitment to providing exceptional customer service, our team of senior consumer rights lawyers ensures prompt and effective assistance.
Did you know
KVP is a government savings scheme specifically designed for rural investors. It offers attractive interest rates and the shortest investment period (124 months) among these options. Plus, deposits can be made in smaller denominations, making it accessible for even small investors.
Loss amount between
₹1 - ₹1 lakh
1999
₹1499+gst
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Drafting legal notice
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Loss amount between
₹1 Lakh– ₹25 Lakhs
3499
₹2999+gst
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Loss amount between
₹25 Lakh – ₹1 Crore
4999
₹3999+gst
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Drafting legal notice
Email & Chat support
Loss amount between
Above 1 Crore
9999
₹7999+gst
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Drafting legal notice
Email & Chat support
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1. Step 1: Contact customer service, reach out to using phone, email or website
2. Step 2: Communicate the issue, providing details such as booking information, travel dates, and any relevant evidence
3. Step 3: Look into the solution provided by the customer service team
4. Step 4: If you're not satisfied with the initial response we can help you escalate it to the next level.
With the assistance of Vakilsearch, you have the opportunity to request a refund, replacement, or compensation from Kisan Vikas Patra (KVP) . If you find yourself discontented with Kisan Vikas Patra (KVP) , take the step to submit a complaint.
Follow these steps to proceed:
1. Navigate to the ‘File a Consumer Complaint’ page
2. Select the company name as the subject of your complaint, and provide an in-depth account of the issues you've encountered
3. Fill in your personal details and outline the particulars of your grievances
4. Initiate a plea for a refund, replacement, or compensation in relation to the brand
1. Step 1: Contact Vakilsearch: Talk to our lawyers to know your legal rights and verify your complaint's legitimacy.
2. Step 2: Explain Your Situation: Describe your issues with this firm, ensuring you provide the necessary evidence and specifics.
3. Step 3: Draft and Send a Legal Notice: We'll draft and dispatch a legal notice on your behalf, and then await the brand's reply.
4. Step 4: Initiate Litigation: If the reply isn't satisfactory, we'll take the matter to consumer court, offering complete support.
Before Initiating a Complaint, Ensure You Complete the Following Procedures
1. First, try resolving the issue through the brand's customer service.
2. Keep a record of all communications, like emails and chats, with their support.
3. Collect and keep essential proofs, including bills, payment confirmations, and relevant photos.
Vakilsearch has a track record of helping countless consumers find resolutions. By talking to our wide-ranging legal, social, and business connections, you can voice your concerns and get the solutions you seek.
We can send a legal notice or start a case in the consumer forum on your behalf. Our network is filled with skilled and verified lawyers ready to help.
We can help amplify your issues by starting a social media campaign against Kisan Vikas Patra (KVP), ensuring they take notice.
With Vakilsearch, you can quickly get in touch with the right people at Kisan Vikas Patra (KVP). We have a vast database of companies keen on resolving customer issues.
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