Kisan Vikas Patra (KVP)– Eligibility, Features, Interest Rates & Facility of Nomination


Kisan Vikas Patra is one of the post office saving schemes in the form of certificates that was first launched in 1988 by India Post. In this savings scheme, the government of India guarantee of investment protection and also provided with good interest rates. Good interest can be obtained by investing in this saving scheme. At present 7.7% interest is being received. The money invested in this scheme, interest rate would double in 112 months. This post office savings scheme is also known as the short name KVP (Kisan Vikas Patra).






What is Kisan Vikas Patra 

Kisan Vikas Patra or KVP is a form of certificates of the government of India. It releases you as an investment certificate. At present KVP certificates are available in the denominations of Rs 1000, Rs 5000, Rs 10000 and Rs 50000. The minimum amount that, you can be invested in KVP is Rs 1000. There is no upper limit on the purchase of KVP.


Kisan Vikas Patra  can also be taken from online

Kisan Vikas Patra (KVP) has also started getting the electronic form, from April 1, 2016. Before this, Kisan Vikas Patra was found only as a printed certificate.


Rate of interest on KVP- Kisan Vikas Patra 

On the amount deposited through Kisan Vikas Patra, the government is currently giving interest at 7.7% annual rate. According to this interest rate, the accumulated money in KVP would double in 112 months (9 years, 4 months).


Minimum and Maximum deposit limit of KVP

Minimum Rs.1000 can be deposited in KVP. There is no limit to the maximum amount. People can invest money in whatever amount they prefer.

Who can buy KVP ?

Any adult person can buy it in his name or under the name of a minor. Any two adult individuals can also jointly purchase KVP.



Facility of Nomination

You can register your nominee during the purchase of KVP. A nominee is a person who gets the money deposited in the KVP in case of account holder absence or death.


It is also possible to transfer the name of another person.

If needed, the Kisan Vikas Patra (KVP) can also be transferred to another person’s name. For this, you have to apply to the post office.


It is also possible to transfer other post office.

You can also transfer your KVP to another post office if necessary for the change of residence or some other reason.


Facilitating cash withdrawal of KVP

If needed, you can also cash the KVP before maturity period but you can do this only when 2.5 years of your KVP has been completed.


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