Name of Schemes - Kisan Vikas Patra

Scheme Category – Financial

Scheme Description - "This is a small saving certificate scheme originally intended for the farming community, the priority was to encourage them to save for rainy days (now every Indian can get benefit). It offers 6.9% interest rate(which is variable) and doubles the investment amount in 124 months( depends on interest rate). The minimum investment amount is Rs. 1,000 and there is no maximum limit."


"The following person(s) are eligible to apply for a Kisan Vikas Patra Certificate:

  • 1) Must be an Indian Citizen.
  • 2) Must be an Adult (age ≥18 years).
  • 3) Minors cannot purchase directly. However, an Adult can purchase a Certificate on behalf of a minor (providing DOB of the minor and his guardian).

The Kisan Vikas Patra Certificate can also be purchased jointly by two adults :

  • Joint Type A – two adults and is payable to both the holders jointly or the survivor.
  • Joint Type B – two adults but payable to either of the two holders or the survivor.
  • *A trust can purchase the Kisan Vikas Patra Certificate

The following are NOT eligible to apply for a Kisan Vikas Patra Certificate :

  • 1) Business entities are not eligible to apply for a Kisan Vikas Patra Certificate. A business entity here refers to any company or institutions.
  • 2) NRIs or Non-Resident Indians are not eligible to apply for a Kisan Vikas Patra Certificate.
  • 3) HUF or Hindu Undivided Family cannot invest in a Kisan Vikas Patra Certificate."

Procedure to apply for the scheme:

  • How to Apply?
  • A. Online : You can download the online form, fill it and submit it at the Post Office.
  • B. Offline : Visit your nearest Post Office and request for a Kisan Vikas Patra form directly.
  • Any one of the following ID proofs:?
  • • PAN card
  • • Aadhaar card
  • • Voter ID
  • • Driving License
  • • Passport

Important Facts to know about KVP:

  • 1) Certificates of the Kisan Vikas Patra scheme will only be issued in denominations of rs. 1,000/-, Rs. 5,000/-, Rs. 10,000 and Rs. 50,000/-
  • 2) It can be encased after 2 & 1/2 years from the date of issue.
  • 3) KVP can be purchased in any branch of the State Bank of India, all its associate banks and designated branches of commercial and nationalized banks that are authorized for the Public Provident Fund Scheme.

Premature Withdrawal :

Compiled and Edited by Overall - Lead Optimist(PFA) - Ashwini

Disclmer - We have created this article basse on officiaI circulars and clarifications from officials. However the scheme related details are subjecte to change and we do not guarantee any promoises. All the information in this article in intended for informational purpose only an greating awareness among citizens