Invest ₹1,000 Today—See How Much You Get with Kisan Vikas Patra
The Kisan Vikas Patra (KVP) is a small savings scheme offered by India Post designed to encourage long-term financial planning. It guarantees a fixed interest rate and allows investments to double within a specific period.
K isan Vikas Patra (KVP) offers 7.5% interest and doubles your money in 115 months. Learn features, benefits, and how to open a KVP account easily.
Guaranteed Returns
The scheme offers a fixed interest rate, currently 7.5% per annum, which ensures your investment doubles within the specified tenure
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Maturity Period
The investment doubles after 115 months (9 years and 5 months)
Investment Amount
You can invest a minimum of ₹1,000 and any amount in multiples of ₹100, with no upper limit
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Eligibility
Any resident of India, including minors (with guardian consent), can invest in KVP
Premature Closure
Premature closure is possible after 2 and a half years, but the pay-out will be lower than the maturity amount
Account Types of Kisan Vikas Patra
KVP accounts can be opened in single, joint, or minor’s name (with guardian)
Nomination Facility
You can nominate a beneficiary for the KVP account
Transferability of Kisan Vikas Patra
KVP can be transferred to another person and from one post office to another
Also Read: How much you will get after 20 Years, if you made 15,000 Rs as SIP
How to open a Kisan Vikas Patra account
- Visit a Post Office: You can open a KVP account at any India Post office branch
- Submit Application Form: You need to fill out the prescribed application form (Form A) and submit it along with KYC documents.
- Make Deposit: Make the minimum deposit of ₹1,000 or any amount in multiples of ₹100
Who can open Kisan Vikas Patra
- a single adult
- Joint Account (up to 3 adults)
- a guardian on behalf of minor or on behalf of person of unsound mind
- a minor above 10 years in his own name.
Pledging of Kisan Vikas Patra account
- KVP may be pledged or transferred as security, by submitting prescribed application form at concerned Post Office supported with acceptance letter from the pledgee.
- Transfer/pledging can be made to the following authorities.
- The President of India/Governor of the State.
- RBI/Scheduled Bank/Co-operative Society/Co-operative Bank.
- Corporation (public/private)/Govt. Company/Local Authority.
- Housing finance company.
Transfer of Kisan Vikas Patra account from one person to another person
- KVP may be transferred from one person to another person on the following conditions only.
- On the death of account holder to nominee/legal heirs.
- On the death of account holder to joint holder(s).
- On order by the court.
- On pledging of account to the specified authority.
Disclaimer: This article is for informational purposes only. Please verify details on official websites or consult experts for guidance.
READ MORE: 20 Factors to Consider Before Investing in Mutual Funds
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