Kisan Vikas Patra (KVP​) Benefits and features

By | July 9, 2018
(Last Updated On: July 9, 2018)

Kisan Vikas Patra (KVP​)

Kisan Vikas Patra (KVP​)
Interest payable, Rates, Periodicity etc.Minimum Amount for opening of account and maximum balance that can be retained
From 1.01​.2018, interest rates are as follows:- ​

  • 7.3​​​% compounded annually ​
  • Amount Invested doubles in 118​ months (9 years & 10​ months)

​Minimum of Rs. 1000/- ​​and in multiples of Rs. 1000/- No Maximum Limit.
​Salient features​
  • Certificate can be purchased by an adult for himself or on behalf of a minor or by two adults.
  • KVP can be purchased from any Departmental Post office.
  • Facility of nomination is available.
  • Certificate can be transferred from one person to another and from one post office to another.
  • Certificate can be en ​cash after 2 & 1/2 years from the date of issue.

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