Kisan Vikas Patra (KVP) is a Post Office Savings Scheme that doubles your money in 8 years and 7 months with the advantage of premature withdrawal. KVP is sold through all Head Post Offices and other authorised post offices throughout India.
I happened to take a 8 years 7 months KVP for one of my cousins for Rs.50,000. I was given 5 Certificates worth Rs.10,000 each. I was surprised to see the 5 1/2 year Kisan Vikas Patra as the top heading on these certificates. What the heck! I thought that by investing in a 8 years 7 months KVP, my cousin would be the proud owner of Rs.1,00,000 at the end of that duration. Now the Post Master had erroneously given me the 5 1/2 year KVP. I rushed back to him showing him the top heading as though I was handed over incorrect certificates. He calmly explained that they have been using 5 1/2 year Kisan Vikas Patra certificates for 8 years 7 months KVP with a differentiator that the Post Office Seal would specify the duration as 8 years 7 months instead of 5 1/2 years.
I wonder why the government is printing and re-printing 5 1/2 year KVP certficates though this KVP has been shelved long ago and the latest offering is 8 years 7 months KVP? The Post Master answered that these certificates were printed a decade ago. Heights or Re-usability I guess!
Such incidents happen quite often in our Testing Industry as well. We more often cling to existing norms, rules and regulations, processes etc without questioning the value that these bring along in our daily working life. We need to question the existence of each and every such thing that is outdated and hence invalid. We should not follow anything outdated in the name of re-using them if they dont bring any value add to the work that we do . I could not withdraw the KVP though :-(.