Complete Investment Guide
Comprehensive analysis with actionable insights for smart investment decisions
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.
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
Latest Interest Rate (From 01 Jan 2024)
- 7.5% compounded annually
- Investment doubles in 115 months
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
(b) Deposit:
- Minimum deposit: ₹1000
- Subsequent deposits in multiples of ₹100
- No maximum limit on investment
- Any number of accounts can be opened
(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
(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
(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
(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
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
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
This guide provides comprehensive information for educational purposes. Always consult with financial advisors before making investment decisions.