Got more questions?
For any queries, locate the nearest branch.
Locate Branches
Kisan Vikas Patra - KVP
Looking for an investment plan that is versatile enough to accommodate your long-term financial plans? Then the Kisan Vikas Patra is just what you need! Regardless of the market fluctuations, you will get the sum invested guaranteed with double the amount at the end of the maturity period. It is a low-risk savings option.
What is Kisan Vikas Patra?
It is a fixed-income instrument where investors purchase certificates, which mature over a set period, effectively doubling the invested amount. The KVP scheme offers a stable KVP interest rate, making it a low-risk investment option. It is ideal for individuals looking for guaranteed returns with minimal risk. Available at select banks and post offices, KVP ensures financial discipline while providing liquidity through premature withdrawal options after a 2.5-year lock-in period.
Make a long term investment
Maturity period of account shall be 115 months w.e.f 01.04.23.
Invested amount shall double on Maturity
Premature Encashment or Withdrawal Permitted
There is a lock-in period of 2 years and 6 months. After 2.5 years and thereafter, in any block of six months, the customer can en-cash (premature) the KVP certificates. TDS will not be deducted on the maturity amount.
Kisan Vikas Patra Application form
Want a long-term investment plan with a low investment risk? Simply fill in the application form for Kisan Vikas Patra .
Terms and Conditions
Maximum loan amount
Loan upto Rs. 35 lakhs for locations with population above 10 lakhs and property value upto 45 lakhs. And loan upto Rs. 25 lakhs for locations with population less than or equal to 10 lakhs and property value upto 35 lakhs.
Minimum income norm
Minimum income norm varies from Rs. 8,000 p.m. to Rs. 10,000 p.m. depending on location.
Repayment
*Repayment period for home loans shall not exceed 30 years.
Security
Equitable mortgage of the property to be financed by way of deposit of title deeds.
Disbursement
The home loan will be disbursed in full or in suitable instalments, taking into account the requirement of funds and progress of construction, as assessed by the bank directly to the seller or builder or local development authority or supplier of materials etc.
Processing charges or admission fee
Processing fee equivalent to 1% or Rs. 10,000/- (whichever is higher) of the loan amount (applied for) will be collected along with the application form. Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable).
Penalty for early closure
‘Nil’ on floating interest rate home loans
Other Conditions
The terms and conditions mentioned above and elsewhere under the scheme are subject to modification from time to time solely at the bank's discretion.
*Terms and Conditions Apply
Eligibility criteria for KVP scheme
Frequently Asked Questions
Before investing in any financial scheme, it is wise to get your queries answered. We have answered some of the most frequently asked questions on Kisan Vikas Patra scheme.
KVP will bear Interest at 7.5% Interest is compounded annually (Interest rate is subject to change as per govt. notification)
Maturity period of account shall be 115 months w.e.f 01.04.23. Invested amount shall double on Maturity
Yes, KVP certificates are transferrable from person to person, from one post office to another one, anywhere in India.
Minimum investment amount is Rs. 1,000 and in multiples of Rs. 100 thereof is required
No, The Karta on behalf of the Hindu Undivided Family is not eligible to purchase Kisan Vikas Patra as there is no such provision in the rules.
No, The Non Resident Indians are not eligible to purchase Kisan Vikas Patra as there is no such provision in the rules
Related Products
Sovereign Gold Bonds
- Smart way to invest in gold. Issued by the RBI, this investment offers fixed 2.5% per year over and above change in gold price at the time of maturity.
National Pension System
- Ideal for retirement planning. Secure your income post retirement. Also offers additional tax benefits
Public Provident Fund
- A safe and stable investment option offering fixed returns. Ideal for long-term goals planning...
Learning Hub
Look through our knowledge section for helpful blogs and articles.
Copyright@ 2025 Axis Bank