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Banking,Financial Services and Insurance

Kisan Vikas Patra Scheme

‘Kisan Vikas Patra Scheme’ was relaunched in the year 2014 by the Department of Economic Affairs, Ministry Of Finance, Government of India in view of the popular demand and to revitalize Small Savings. The amount invested in Kisan Vikas Patra (KYP) doubles in 115 months at the present rate.

Authority

Central

Region

None

Status

Verified 2026

Updated

March 2026

What you get

- The scheme offers an interest rate of 7.5 % compounded annually on investment. | - Amount Invested doubles in 115 months (9 years & 7 months). | - No maximum deposit limit. | - Accounts can be opened in Post offices and in authorized banks. | - KVP can be transferred from one person to another and from one post office to another. | - KVP can be encashed after 2 and half years from the date of investment at the specified rates.

Who can apply

A minimum of ₹1000/- and any sum in multiples of ₹100/-, may be deposited in an account.; There shall be no maximum limit for deposits in an account or in accounts held by an account holder.; An individual may open any number of accounts.; The maturity period of an account opened between 12th December 2019 to 31st March 2020 (both days inclusive) shall be 9 years and five months. Deposit made in the account shall double on maturity and the amount of maturity may be repaid to the account holder.; The maturity period of an account opened on or after the first day of April 2020 shall be 10 years and four months. Deposit made in the account shall double on maturity.; The maturity period of the deposit under this Scheme shall be determined by the rate of interest applicable at the time of opening the account.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

Can I transfer my KVP account to someone else?

'Kisan Vikas Patra Scheme' was relaunched in the year 2014 by the Department of Economic Affairs, Ministry Of Finance, Government of India in view of the popular demand and to revitalize Small Savings. Under the scheme, the amount invested will be doubled in 115 months at the present rate.

What are the eligibility criteria for Kisan Vikas Patra?

Any individual who is a resident of India can avail of the benefits under the scheme.

Is there a maximum limit on the investment amount?

No maximum deposit limit.

What is the interest rate offered by Kisan Vikas Patra?

The scheme offers interest rate of 7.5 % compounded annually on investment.

What is the tenure of a Kisan Vikas Patra (KVP) account?

The tenure is 115 months (9 years & 7 months).

How do I open a Kisan Vikas Patra account?

Any person or persons, desiring to purchase a Certificate, shall present an application either in person or through an authorised agent of the small savings schemes at a Post Office or Bank. The person may visit the nearest Post Office Branch or a designated bank.

Can I nominate someone for my KVP account?

Yes.

Can I transfer my KVP account to someone else?

Yes.

Can I prematurely close my KVP account?

Yes.KVP may be prematurely closed any time before maturity subject to the following conditions: | (i) On the death of a single account, or any or all the account holders in a joint account | (ii) On forfeiture by a pledgee being a Gazette officer. | (iii) When order by court. | (iv) After 2 years and 6 months from the date of deposit.

Can I open a joint KVP account?

Yes, joint accounts are allowed.