Small Savings Scheme: Kisan Vikas Patra Will Double Your Earnings

Today we will be discussing all the details regarding Kishan Vikas Patra like What is Kishan Vikas Patra? rate of interest, benefits, and all other necessary information about this If you are aiming to invest in diminutive savings schemes, so you can contemplate Kisan Vikas Patra, offered by the Post Office.

It is anecdotal of the topper better small savings plan from the government stable. Launched in 1988, the scheme offers the sum guaranteed in spite of commercializing fluctuations. This special scheme was primitively intended facing the agricultural community and the centering was on supporting them to keep facing rainy days. Kisan Vikas Patra is essentially a certificate scheme from the Indian post office. Let us indorse in particular about the product and why should you start investing.

Rate of interest:


At present, KVP offers an interest rate of 6.9% compounded yearly. In action you are ligature to comply with the returns, so KVP will acquire 124 months or 10 years and four-spot months for doubling your money at the recent interest rate.

Kisan Vikas Patra Opening of account:

You can start a KVP account with a minimal sum of ₹1,000 and in multiples of ₹100 afterward. There is no utmost boundary to the sum you want to invest. KVP can be purchased from any Departmental Post office and it allows the nomination efficacy.

A KVP account can be opened by a single or as a juncture account with up to three adults. A guardian on behalf of a minor or on behalf of an individual of an unsound mind can likewise start an account. Likewise, a minor aloft 10 years can likewise possess a KVP account in his own name.

Read More: DCB, IndusInd and Yes Banks Give The Best Deals For Tax Savings Deposits

Closing of the account:

You can start any measure of accounts below the scheme. In fact, the account can be untimely shut any time earlier maturity feat to the pursual conditions:

  1. on the expiry of a sole account, or any or all the account holders in a junction account. 
  2. On forfeited by a pledgee being a Gazette officer. 
  3. When order according to court 
  4. afterward 2 years and 6 months from the time of deposit.

The scheme can be transferred from one individual to some Other individual in the pursual conditions: 

  1. on the demise of account bearer to nominee/legal heirs. 
  2. on the demise of account bearer to joint bearer. 
  3. on order by the law court. 
  4. On pledging of account to the specified procurement.

Benefits of Kishan Vikas Patra:

  • Guaranteed returns as KVP certificate is a government-backed instrumentate. 
  • Long-term wealth design as a Kisan Vikas Patra allows you to conclude invested for accurate to 10 years and doubles your money. 
  • Flexible investment tool as thither is no upper cap on KVP. 
  • Kisan Vikas Patra can be used as corroboratory facing securing loans at preferent rates from banks. 
  • Transferable from one individual to some other as well as from one post office to some other.

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