Tenure: 124 MONTHS

Rate of Interest: @6.90% p.a.

type  OF INTEREST Fixed For the Tenure

MODE OF CALCULATION: compounded annually but payable at maturity.


1000/- and in multiple of 100

Maximum Amount Limit

No maximum limit.

Who can Invest

  • (i) a single adult

  • (ii) Joint A Account (Maximum 3 adults)

  • (iii) Joint B Account (Maximum 3 adults)

  • (iv) Minor above 10 years of age

  • (iv) An adult on behalf of a minor

Kisan Vikas Patra

It is an investment option that doubles the principal amount after a contracted tenure where rate of interest is fixed. The interest is not subject to tax deduction at source but interest is taxable. The premature withdrawal is allowed after 2.5 years and there is no limit on investment. It can suit investors with some long term goal and wants a targeted amount after a fixed tenure.


  • Money gets doubled in fixed tenure

  • Encashment facility available after 2 years 6 months

  • Can be purchased by individuals, 2 adults jointly or minor over age of 10 years through guardian

  • Cannot be purchased by companies, societies, trusts, NRIs, HUFs

  • Facility of reinvestment on maturity

  • KVPs can be transferred from one person to another

  • Interest income is taxable but no TDS

  • Interest is fixed at the time of investment

  • Deposits are exempted from wealth tax

  • Nomination facility available

  • Facility of getting a duplicate KVP is available in case of loss of original one

  • Facility of purchase/payment of KVP to holder of power of attorney

Documents Required 

  • 2 photographs

  • along with a self-attested copy of PAN Card and Aadhaar Card

Revised Rates

w.e.f. 30-06-2020