Post Office Kisan Vikas Patra (KVP)

The Kisan Vikas Patra (KVP) is a government-backed savings scheme ideal for individuals seeking guaranteed, risk-free growth of their investments, making it a secure option for stable financial planning.

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Key Highlights

✅ 7.5% per annum compounded annually
✅ Investment doubles in 115 months (9 years and 7 months)
✅ Minimum investment: ₹1000; No maximum limit
✅ Safe, government-guaranteed returns
✅ Flexible and easy to operate

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Latest Interest Rate (From 01 Jan 2024)

• 7.5% compounded annually
• Investment doubles in 115 months

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Salient Features

(a) Who Can Open:

• A single adult
• Joint account (up to 3 adults)
• Guardian on behalf of a minor or a person of unsound mind
• A minor above 10 years in their own name

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(b) Deposit:

• Minimum deposit: ₹1000
• Subsequent deposits in multiples of ₹100
• No maximum limit on investment
• Any number of accounts can be opened

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(c) Maturity:

• The deposit matures as per the Ministry of Finance guidelines applicable on the date of deposit
• At the current rate, the invested amount doubles in 115 months

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(d) Pledging as Security:

KVP can be pledged or transferred as security by submitting a prescribed application form with an acceptance letter from the pledgee. Pledging is allowed to:

• The President of India or State Governor
• RBI, Scheduled Banks, Co-operative Banks/Societies
• Corporations (public/private), Government Companies, Local Authorities
• Housing Finance Companies

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(e) Premature Closure:

Premature closure of KVP is allowed under the following conditions:

• On the death of the sole account holder, or any/all account holders in case of a joint account
• On forfeiture by a pledgee (e.g., Gazetted Officer)
• On order by the court
• After 2 years and 6 months from the date of deposit

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(f) Transfer of Account:

KVP can be transferred from one person to another under specific circumstances:

• On the death of the account holder, to the nominee or legal heirs
• From the deceased account holder to surviving joint holder(s)
• On court order
• On pledging the account to a specified authority

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Why Choose Post Office KVP?

✅ Guaranteed doubling of investment without market risks
✅ Ideal for safe, long-term wealth building
✅ No maximum limit, making it flexible for larger investments
✅ Can be pledged as security for loans
✅ Available at all post offices across India

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The Post Office Kisan Vikas Patra (KVP) is an excellent choice for conservative investors who want their money to grow steadily under government-backed security without worrying about market fluctuations.

Open your KVP account today to grow your wealth with guaranteed, stable returns.

👉 Check out our KVP Calculator

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