Kisan Vikas Patra:

Kisan Vikas Patra:Post Office schemes are introduced by the government, which ensure safe and guaranteed returns on investment.

Brief about Kisan Vikas Patra

Kisan Vikas Patra (KVP) is a widely popular savings scheme in India, specifically designed to encourage small-scale investors, particularly farmers, to save and invest their money securely. This government-backed investment instrument offers attractive returns, making it an appealing choice for individuals looking to grow their savings over time. In this article, we’ll delve into the details of Kisan Vikas Patra, its features, benefits, and how it serves as a reliable investment avenue for the country’s rural population.

What is Kisan Vikas Patra (KVP)?

Kisan Vikas Patra, which translates to “Farmer Development Certificate,” is a savings scheme introduced by the Government of India. Initially launched in 1988, it underwent various reforms over the years and was re-introduced in 2014 to promote financial inclusion and encourage savings among farmers and individuals from rural backgrounds.

Features of Kisan Vikas Patra:

  1. Security: One of the key attractions of KVP is its government backing, providing a high level of security for investors’ money. It is issued by India Post on behalf of the Ministry of Finance, making it a reliable and low-risk investment option.
  2. Denominations: KVP certificates are available in various denominations, catering to a wide range of investors, from small farmers to urban savers. This flexibility in investment amounts allows individuals to choose an option that suits their financial capacity.
  3. Interest Rates: KVP offers competitive interest rates that are typically higher than those of regular savings accounts. These rates are set by the government and are subject to change periodically. Interest is compounded annually, providing investors with substantial returns over time.
  4. Tenure: The maturity period for KVP is fixed at 124 months (approximately 10 years and 4 months). This extended tenure ensures that investors can maximize their returns and plan for long-term financial goals.
  5. Transferability: KVP certificates are freely transferable from one person to another, making it a versatile financial instrument for those who may need to transfer their investments or use them as collateral for loans.
  6. Tax Benefits: While KVP does not offer tax benefits under Section 80C of the Income Tax Act, it enjoys the advantage of tax exemptions on the interest income, making it an attractive choice for investors seeking tax-efficient savings options.
Kisan Vikas Patra:

People are always looking for such schemes which will help them to double their money in future. Several schemes have been prepared by the Post Office for this purpose. Post office schemes are offered by the government, which ensure safe and guaranteed returns on investment. One of the schemes that can give you good returns is called the Kisan Vikas Patra scheme. This scheme was started by India Post in 1988.

According to the official website, the objective behind this scheme is to maintain the financial condition of the people during the long run. On April 1 this year, the government had increased the interest rate on this scheme.

According to the new update, now the return on this scheme will be available at the rate of 7.5 percent per annum. In such a situation, the duration of this scheme will now be 115 months or 9 years 7 months. Initially, it used to take 120 months to double the money in this scheme. If someone invests Rs 4 lakh then he will get Rs 8 lakh back in 115 months.

Kisan Vikas Patra:

Can start with Rs 1000

The minimum investment that can be opted for in this scheme is Rs 1000 and there is no limit on the maximum amount. If you choose to invest the lump sum amount, you will get double of it by the end of 115 months.

The government has made PAN card proof mandatory for anyone investing Rs 50,000 or more to prevent money laundering cases. For investments of Rs 10 lakh and above, you need to submit income proofs such as salary slips, bank statements and ITR documents.

Firstly this scheme was started for the farmers but now it is open for all. It is available in all banks and post offices in the country. The eligibility to opt for this scheme is that the applicant must be an Indian citizen, must be above 18 years of age. Hindu Undivided Family (HUF) and NRI are not eligible for this scheme.


Kisan Vikas Patra stands as a testament to the Indian government’s commitment to financial inclusion and encouraging savings among its citizens, especially farmers and rural communities. With its guaranteed returns, government backing, and flexible investment options, KVP serves as a secure and lucrative investment avenue for those looking to grow their wealth over time. Whether you’re a small-scale farmer or an urban saver, Kisan Vikas Patra offers a dependable means of achieving your long-term financial goals while contributing to the nation’s economic growth.

To read more:

To read more our blog:

One thought on “Kisan Vikas Patra: “Money doubles in 115 months”, this is the best fixed deposit scheme of post office.”

Leave a Reply

Your email address will not be published. Required fields are marked *