Queries on KVP?

[Hemant]

1- One of my friend is living in USA. Can he invest in KVP.
2- How often interest will be paid or compounded till maturity?
3- Will TDS be deducted at the time of maturity for interest portion?

[Natraj]

1- One of my friend is living in USA. Can he invest in KVP.
No, The Non Resident Indians are not eligible to purchase Kisan Vikas Patra.


2- How often interest will be paid or compounded till maturity?

Rate of interest 8.40% compounded annually.


3- Will TDS be deducted at the time of maturity for interest portion?
Interest income taxable but no TDS.

[Rahul]

Rate of interest 8.40% compounded annually. I don't think the ROI is correct.