Benefits Of Kisan Vikas Patra Scheme

kisan vikas patra

Kisan Vikas Patra Yojana has brought many benefits to the people of rural and semi-urban areas, this is the benefits of this scheme

The objective of launching the Kisan Vikas Patra Yojana (Kisan Vikas Patra Yojana) was to attract the attention of the people of rural and semi-urban areas! This scheme (KVP Scheme) works in such a way that the money invested can be doubled in 100 months or 8 years and 4 months and any resident of India apply online for Kisan Vikas Patra (Kisan Vikas Patra) Can do

Benefits of Kisan Vikas Patra Scheme: Kisan Vikas Patra Yojana is a long term savings scheme launched by the Government of India (Post Office) in 1988! And it was relaunched in 2014 with some special changes! The Kisan Vikas Patra scheme came under the radar in 2011 when a government committee said that the scheme (KVP Scheme) could be used as a front for money laundering!

Also Read : Pay double in Post Office KVP scheme, will get Rs 2 lakh at the end of term.


  • Applicant must be resident of India and 18 years of age!
  • The applicant can apply for this scheme Kisan Vikas Patra Yojana (Kisan Vikas Patra Yojana) on behalf of the minor! Also, he applies it to himself!
  • Hindu undivided families and non-resident Indians (NRIs) are not allowed to be part of the scheme, but trusts can apply for this scheme (KVP Scheme)!

Kisan Vikas Patra Interest Rate

Interested in investing in Kisan Vikas Patra Yojana (Kisan Vikas Patra Yojana)! The interest rate is determined based on the time period of the applicant! The KVP Interest Rate varies from time to time as per the announcements made by the Finance Ministry. And are scheduled for the specified quarter! In addition, the applicable rate of interest determines the maturity of the investment! For the financial year 2020-2021, the interest rate for KVP schemes is 6.9% pa for 114 months investment tenure (Post Office)! The interest rates applicable to the investments made under the scheme will be determined on the basis of the year of investment. Accounts can be easily transferred under Kisan Vikas Patra!

KVP Scheme Benefits

  1. Compound interest
    Kisan Vikas Patra uses the compounding method that produces high returns! Under this scheme, the interest on the principal amount is higher annually. Which gives more profit! However, the money depends on the interest rate of Kisan Vikas Patra in the year invested!

  2. Guaranteed Return

    The KVP Scheme is not affected by any market unrest (Post Office) and is supported by the Government of India! Therefore, it produces guaranteed returns! You can invest up to 1,000 under the scheme! The plan has not set any maximum limits! However, if the investment amount exceeds 50,000, you will be required to submit PAN details!

  3. Nomination facility

    KVP scheme (Kisan Vikas Patra Yojana) provides enrollment facilities! You can submit nomination form to the post office! A minor can also be nominated for a deposit! If you are enrolling a minor then remember to mention the date of birth!

  4. Loan against kvp

    You can get a loan against the certificate of KVP! Interest rates on loans taken against KVP (Kisan Vikas Patra) are lower than regular loans! Funds matured are exempt from TDS! However, the scheme is not eligible for any tax benefit under section 80C of the Indian Income Tax Act, 1961!


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