Kisan Vikas Patra (KVP) is a well-known saving scheme started by the Indian government to encourage people to save money safely. It is a simple long-term investment option where your invested money doubles after a fixed time period. You can buy KVP from a bank or post office by investing for 124 months (10 years and 4 months). Although it’s named Kisan (farmer) Vikas Patra, anyone who is a citizen of India can invest, not just farmers. This article will explain the important details about Kisan Vikas Patra 2025 including interest rates, benefits, eligibility, and how to apply.
Overview of Kisan Vikas Patra (KVP) 2025
Kisan Vikas Patra is a government saving scheme where your investment doubles in 124 months. You can apply by visiting any bank or post office. You have to keep your money invested for 10 years and 4 months to get the double amount. The minimum investment is ₹1000, and there is no upper limit on how much you can invest. But if you invest ₹50,000 or more, you have to provide your PAN card details.
Interest Rate, Returns & Withdrawal Rules
Currently, KVP offers an interest rate of 6.9%. Your money will double after 124 months at this rate. You can also withdraw your money before maturity, but the rules are different:
- If withdrawal happens within 1 year of purchase, no interest is paid and a penalty applies.
- Withdrawal after 1 year but before 2 years 6 months means reduced interest, with no penalty.
- After 2 years 6 months, you get full interest at 6.9% with no penalty.
Main Details of Kisan Vikas Patra 2025
| Scheme Name | Kisan Vikas Patra (KVP) |
| Launched By | Government of India |
| Who Can Apply | Indian Citizens |
| Purpose | To promote saving habits among citizens |
| Investment Duration | 124 months (10 years 4 months) |
| Minimum Investment | ₹1000 |
| No Maximum Limit | Yes |
| Interest Rate | 6.9% |
Types of Kisan Vikas Patra Certificates
The government issues KVP certificates through post offices. You can buy them using cash, cheque, pay order, or demand draft. There are three types of certificates:
- Single Holder Certificate: Issued to a single adult or guardian on behalf of a minor.
- Joint A Type Certificate: Joint certificate for two adults, both share equally.
- Joint B Type Certificate: Joint certificate for two adults but payable to one person.
Interest Rate and Investment Limits
Since 1 January 2024, the interest rate on Kisan Vikas Patra is fixed at 6.9%. The maturity period is 10 years and 4 months, after which the invested amount doubles. Minimum investment amount is ₹1000. There is no upper limit for investment but PAN card details are required for investments of ₹50,000 or more. Multiple denominations like ₹1000, ₹5000, ₹10000, and ₹50000 certificates are available.
You can redeem your matured amount from any post office by showing your identity slip. If you don’t have it, you must redeem at the post office where you bought the certificate.
Goal of Kisan Vikas Patra Scheme 2025
This scheme encourages citizens to save money regularly and safely. By doubling your money after a fixed period, it motivates more people to invest. It also helps improve their financial condition with guaranteed returns at 6.9% interest rate on a 124-month term.
How Can You Transfer Kisan Vikas Patra?
KVP certificates can be transferred only in special cases:
- On the death of the account holder
- On the death of the joint holder
- By court orders
- When an authorized officer takes pledge on the account
Rules for Early Withdrawal of Kisan Vikas Patra
You can close your KVP account early only in these situations:
- Death of any or all account holders
- By court order
- After 2 years 6 months from the date of deposit
- By an authorized gazetted officer
Who Can Open Kisan Vikas Patra Account?
- Individual adults
- Joint account holders (up to 3 persons)
- Parents or guardians for minors aged more than 10 years
Benefits and Features of Kisan Vikas Patra 2025
- A safe savings scheme that doubles your investment in 124 months.
- Minimum investment of ₹1000; no maximum investment limit.
- PAN card required only if investing ₹50,000 or more.
- Apply through post office or bank.
- Transfer allowed between post offices or bank branches.
- Forms can be filled in cash or cheque.
- After application, a certificate shows maturity date and amount.
- Interest at 6.9% rate gives assured returns.
- Early withdrawal possible with some rules and conditions.
- Can be used as collateral for loans.
Eligibility Criteria for Kisan Vikas Patra
- You must be a permanent resident of India.
- Applicant should be 18 years or older.
- For minors, parents or guardians can apply.
- Hindu Undivided Families (HUF) and Non-Resident Indians (NRI) cannot apply.
Documents Required for Kisan Vikas Patra
- Aadhaar Card
- Proof of residence
- KVP application form
- Age proof
- Passport size photograph
- Mobile number
How To Apply for Kisan Vikas Patra Online
- Visit the official website of the bank or post office from where you want to buy KVP.
- On the homepage, go to the Investment Plans section.
- Click on the Kisan Vikas Patra scheme link.
- Fill the application form with correct details.
- Upload all required documents.
- Submit the form.
- You will get confirmation of your KVP application.
How To Apply For Kisan Vikas Patra Offline
- Visit your nearest post office or bank branch.
- Get the Kisan Vikas Patra application form.
- Fill in all details carefully.
- Attach required documents.
- Submit the form at the same branch.
- You will be issued a KVP certificate.
How To Transfer Kisan Vikas Patra
- Go to the post office or bank where you bought the KVP certificate.
- Ask for the transfer form (Form B).
- Fill all details correctly on the form.
- Attach necessary documents like ID proof, address proof, original KVP certificate, and application.
- Submit the form to the same branch.
- After processing, your KVP certificate will be transferred.
We have shared all important details about Kisan Vikas Patra Yojana 2025 with you. If you have questions or need help, feel free to ask in the comment section. Your questions matter and we will try to support you as best as we can.