(Last Updated On: July 9, 2018)

Kisan Vikas Patra (KVP)

**Kisan Vikas Patra (KVP)**
Interest payable, Rates, Periodicity etc.	Minimum Amount for opening of account and maximum balance that can be retained
From 1.01.2018, interest rates are as follows:- 7.3% compounded annually Amount Invested doubles in 118 months (9 years & 10 months)	Minimum of Rs. 1000/- and in multiples of Rs. 1000/- No Maximum Limit.
Salient features
Certificate can be purchased by an adult for himself or on behalf of a minor or by two adults. KVP can be purchased from any Departmental Post office. Facility of nomination is available. Certificate can be transferred from one person to another and from one post office to another. Certificate can be en cash after 2 & 1/2 years from the date of issue.