Kisan Vikas Patra (KVP) is a government-backed savings scheme that lets you double your investment over time.
With KVP, your deposits are safe, and the returns are guaranteed.
You can start investing with as little as ₹1,000.
Currently, your money doubles in 115 months (9 years and 7 months) at an interest rate of 7.5% per year, compounded annually.
This scheme is ideal for conservative investors looking for secure growth without market risks.
Who Can Open a KVP Account?
Individuals: Anyone can open a KVP account in their own name.
Joint Accounts: Up to three adults can open a joint account.
Joint A: Must be operated jointly by all depositors or the surviving account holders.
Joint B: Can be operated by any depositor or surviving members individually.
Minor Accounts: A guardian can open an account for minors, or a minor aged 10 or above can operate the account independently.
Authorized Accounts: Guardians can also open accounts for individuals of unsound mind.
Investment Rules and Flexibility
Minimum Investment: ₹1,000
Deposit Multiples: Any additional deposit must be in multiples of ₹100
Maximum Limit: No maximum deposit limit
Interest Rate: 7.5% compounded annually
KVP accounts can also be closed before maturity in special cases, such as the death of the account holder(s), court orders, or if a mortgaged account is seized by a gazetted officer.
KVP is a simple and reliable way to grow your savings steadily without worrying about market fluctuations.
It is especially suitable for long-term investors who prefer safety and guaranteed returns.
