Kisan Vikas Patra (KVP)

Invest today, double your money tomorrow with Kisan Vikas Patra The Kisan Vikas Patra (KVP) is a government-backed savings scheme designed to encourage long-term investments among Indians. Offering a fixed KVP interest rate and the assurance of doubling your investment over a specified period, it stands as a reliable option for those seeking secure returns.

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What is Kisan Vikas Patra?

It is a fixed-income instrument where investors purchase certificates, which mature over a set period, effectively doubling the invested amount. The KVP scheme offers a stable KVP interest rate, making it a low-risk investment option. It is ideal for individuals looking for guaranteed returns with minimal risk. Available at select banks and post offices, KVP ensures financial discipline while providing liquidity through premature withdrawal options after a 2.5-year lock-in period.

Features & Benefits

Benefit from high interest rate 

The government sets the KVP interest rate and is subject to periodic revisions. As of the latest update,

Guaranteed Returns

The Investment doubles at maturity with predictable growth, regardless of market fluctuations

Invest within flexible limits 

Minimum investment: ₹1,000
Investment multiples: In multiples of ₹100

Long-term investment

The maturity period for KVP is set at 115 months, approximately 9 years and 7 months. This long-term horizon encourages disciplined saving and wealth accumulation over time.

Add a nominee 

You can nominate an individual to inherit the benefits of your KVP investment, ensuring financial security for your loved ones.

Premature encashment or withdrawal permitted

While KVP is designed for long-term investment, premature encashment is permitted after a lock-in period of 2.5 years (30 months).

Use as Loan Collateral

KVP Certificates can be used to avail loans from the banks and can act as a collateral. It can also help in getting lower interest rates on loans

Get a Kisan Vikas Patra (KVP) from an Axis Bank Branch

Axis Bank facilitates the purchase of Kisan Vikas Patra certificates, making the investment process straightforward and convenient.

Kisan Vikas Patra Application form

Want a long-term investment plan with a low investment risk? Simply fill in the application form for Kisan Vikas Patra .

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Eligibility

Eligibility criteria for KVP scheme

Residency: Must be a resident Indian citizen.
Age: Individuals aged 18 years and above can invest.
Minors: Guardians can make investments on behalf of minors.
Non-Resident Indians: Non Resident Indians. (NRIs) are not eligible to invest in KVP.

How to get Kisan Vikas Patra

Just follow these steps

01
Apply through Axis Bank Webpage
KVP account can be opened via Axis Bank Website.
Path: Explore Products > Government Products > Kisan Vikas Patra
02
Obtain the application Form
Visit your nearest Axis Bank branch to collect the KVP application form.
03
Fill in the details accurately
Provide accurate personal and investment information in the form.
04
Submit KYC documents
Attach the necessary Know Your Customer (KYC) documents, including proof of identity and address.
05
Make payment
Deposit the investment amount through cash, cheque, or demand draft.
06
Collect certificate
Upon processing, you'll receive the KVP certificate, serving as proof of your investment.

Frequently Asked Questions

Before investing in any financial scheme, it is wise to get your queries answered. We have answered some of the most frequently asked questions on Kisan Vikas Patra scheme.