Kisan Vikas Patra

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.

Interest payable, Rates, Periodicity etc.

From 1.01​.2018, interest rates are as follows:- ​
7.3​​​% compounded annually ​
Amount Invested doubles in 118​ months (9 years & 10​ months)

Minimum Amount for opening of account and maximum balance that can be retained

Minimum of Rs. 1000/- ​​and in multiples of Rs. 1000/- No Maximum Limit.