About this banking scheme
The Kisan Vikas Patra Scheme allows individuals to invest money that doubles in 115 months. It is open to residents aged 10 to 80. Applications can be made offline at post offices or designated banks.
The Kisan Vikas Patra Scheme is a savings scheme launched by the Government of India. It aims to encourage small savings among citizens. The scheme is managed by the Ministry of Finance.
Investors can purchase certificates from post offices or designated banks. The invested amount doubles over a period of 115 months.
This scheme is beneficial for people looking to grow their savings securely over time. It provides a good interest rate and allows for flexible investment options.
Benefits at a glance
| Scheme name | Kisan Vikas Patra Scheme (KVPS) |
|---|---|
| Launched by | Ministry Of Finance |
| Department | Department Of Economic Affairs |
| Launch year | 1988 |
| Benefit | The Kisan Vikas Patra Scheme allows individuals to invest money that doubles in 115 months. |
| Benefit type | Cash (money paid to your bank account) |
| Category | Banking |
| Level / State | Central · All India |
| Official portal | indiapost.gov.in (link at the end of this page) |
Key facts
| Scheme type | Central Sector Scheme |
|---|---|
| Implementing agency | Post Office Branch Or A Designated Bank |
| Application mode | Offline |
| Last date | Not given in the official listing |
| DBT (direct bank transfer) | No |
Who can apply (quick check)
- 👤All genders
- 🎂Age 10 to 80 years
- 📝Offline
Quick check from official data. Full conditions are in the Eligibility section.
किसान विकास पत्र योजना में निवेश की गई राशि 115 महीनों में दोगुनी हो जाती है। यह 10 से 80 वर्ष के निवासियों के लिए खुली है। आवेदन डाकघरों या निर्धारित बैंकों में ऑफलाइन किया जा सकता है।
The Kisan Vikas Patra Scheme allows individuals to invest money that doubles in 115 months.
What you receive
- Interest rate of 7.5% compounded annually
- Investment amount doubles in 115 months
- No maximum deposit limit
Investors can encash their certificates after 2 and a half years from the date of purchase. The maturity period for accounts opened after April 2020 is 10 years and 4 months.
Who qualifies
- I am a resident of India.
- I am aged between 10 and 80 years.
- I can invest on behalf of a minor or a person of unsound mind.
Who is not eligible
- Non-residents of India are not eligible.
- Individuals below 10 years and above 80 years cannot apply.
Papers to keep ready
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Accepted identification includes passport, driving license, voter ID, NREGA job card, or a letter from the National Population Register.
Registration walkthrough
- Visit the nearest post office or designated bank.
- Collect or download the application form.
- Fill out the application form and attach required documents.
- Complete the declaration and nomination details.
- Submit the application with the initial deposit.
- A KVP certificate will be issued immediately upon processing.
To check the status of your application, visit the post office or bank where you applied. You can also contact customer service for assistance.
Important dates
| Launch / start | 01 Apr 1988 |
|---|
Real-life examples: are you eligible?
A quick way to gauge your eligibility: find the profile nearest to yours.
Every case differs. Confirm your eligibility on the official portal before applying.
- Not providing complete documents can lead to rejection.
- Incorrectly filling out the application form may cause delays.
- Not meeting the age requirement can disqualify the application.
- Failure to submit the initial deposit can result in non-issuance of the certificate.
- Not keeping a copy of the application can cause issues during maturity.
Frequently asked questions
What is the interest rate for Kisan Vikas Patra?
The interest rate is 7.5% compounded annually.
How long does it take for the investment to double?
The investment doubles in 115 months.
Is there a maximum limit on the investment amount?
No, there is no maximum limit for deposits.
Can I open a joint KVP account?
Yes, joint accounts are allowed.
What happens if the account holder dies?
The amount will be paid to the nominee or legal heirs.
Can I transfer my KVP account to someone else?
Yes, you can transfer your account with written consent.
How do I apply for Kisan Vikas Patra?
You can apply offline at a post office or designated bank.
Can I withdraw my money before maturity?
Yes, you can encash it after 2 and a half years.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines-2014 dea.gov.in (PDF)
- NSI Website www.nsiindia.gov.in
- Notification dea.gov.in (PDF)
- Website- Department Of Post www.indiapost.gov.in
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
Drafted with AI tools from the official listing. Every number and date is checked automatically against the official text; confirm the details on the official portal before applying.
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