Kisan Vikas Patra (KVP) is a safe and reliable savings scheme designed for long-term investors. It offers a fixed 7.5% interest rate, ensuring your money grows steadily over time. With guaranteed returns, it provides financial security and peace of mind, making it ideal for planning future needs such as education, marriage, or retirement. Investors also benefit from assured growth without exposure to market risks. Simple to invest in and backed by the government, this scheme is trustworthy and easy to manage. With flexible deposit options and a secure structure, it helps in building disciplined savings. Overall, it is a perfect choice for anyone looking for safe and profitable long-term investment.
| Interest Rate | 7.5% p.a. |
| Compounded | Annually |
| Tenure | 115 months (9 years & 7 months) |
Table of Contents
Who can open
- a single adult
- Joint Account (up to 3 adults)
- a guardian on behalf of minor or on behalf of person of unsound mind
- a minor above 10 years in his own name.
Deposit
- Minimum Rs. 1000 and in multiple of Rs. 100 , no maximum limit.
- Any number of accounts can be opened under the scheme.
Maturity
The deposit shall mature on the maturity period prescribed by the Ministry of Finance from time to time as applicable on the date of deposit.
Pledging of account
It may be pledged or transferred as security, by submitting a prescribed application form at concerned Post Office supported with acceptance letter from the pledgee.
Transfer/pledging can be made to the following authorities.
- The President of India/Governor of the State.
- RBI/Scheduled Bank/Co-operative Society/Co-operative Bank.
- Corporation (public/private)/Govt. Company/Local Authority.
- Housing finance company.
Premature closure
It may be prematurely closed any time before maturity subject to the following conditions : –
- On the death of a single account, or any or all the account holders in a joint account
- On forfeiture by a pledgee being a Gazette officer.
- When order by court.
- After 2 years and 6 months from the date of deposit.
Transfer of account from one person to another person.
It may be transferred from one person to another person on the following conditions only.
- On the death of account holder to nominee/legal heirs.
- On the death of account holder to joint holder(s).
- On order by the court.
- On pledging of account to the specified authority.
KVP Calculator
KVP Calculator (Kisan Vikas Patra)
Kisan Vikas Patra vs Other Post Office Saving Schemes
| Savings Schemes | Rate of Interest |
| Kisan Vikas Patra (KVP) | 7.5% |
| Post Office Savings Account (SB) | 4% |
| Post Office Recurring Deposit (RD) | 6.7% |
| Post Office Time Deposit (1, 2, 3 years) (TD) | 6.9%, 7%, 7.1% respectively |
| Post Office Time Deposit (5 years) (TD) | 7.5% |
| National Savings Certificates (NSC) | 7.7% |
| Senior Citizens Savings Scheme (SCSS) | 8.2% |
| Post Office Monthly Income Scheme (POMIS) | 7.4% |
| Public Provident Fund (PPF) | 7.1% |
| Sukanya Samriddhi Yojana (SSY) | 8.2% |
