‘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 revi...
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.
Eligibility (who can apply)
Any individual who is a resident of India can avail of the benefits under the scheme.
A parent/guardian may invest on behalf of a minor or person of unsound mind.
The minimum age of minors should be 10 years.
> **Deposits:**
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.
> **Payment on maturity:**
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.
How to Apply
**Offline**
> **Application process:**
**Step 01:** Any person or persons, desiring to purchase a Certificate, shall present an application either in person or through an authorized 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.
**Step 02:** Collect the applicant form or [download](https://www.indiapost.gov.in/VAS/DOP_PDFFiles/Savings%20Bank/Kisan%20Vikas%20Patra%20Scheme%20%202019%20English.pdf) it from the [official website](https://www.indiapost.gov.in/VAS/Pages/Form.aspx#SavingCertificates).
**Step 03:** Fill out the application form and attach all the required documents.
**Step 04:** Fill out the declaration and nomination details.
**Step 05**: Submit the application form with an initial amount of investment/deposit.
Frequently Asked Questions
Who is eligible for Kisan Vikas Patra Scheme / what is the eligibility?
1. Any individual who is a resident of India can avail of the benefits under the scheme.
1. A parent/guardian may invest on behalf of a minor or person of unsound mind.
1. The minimum age of minors should be 10 years.
> **Deposits:**
- A minimum of ₹1000/- and any sum in mult...
What are the benefits of Kisan Vikas Patra Scheme?
1. The scheme offers an interest rate of 7.5 % compounded annually on investment.
1. Amount Invested doubles in 115 months (9 years & 7 months).
1. No maximum deposit limit.
1. Accounts can be opened in Post offices and in authorized banks.
1. KVP can be transferred fro...
How to apply online for Kisan Vikas Patra Scheme?
**Offline**
> **Application process:**
**Step 01:** Any person or persons, desiring to purchase a Certificate, shall present an application either in person or through an authorized agent of the small savings schemes at a Post Office or Bank. The person may visit the nearest Post Offic...