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News India Live, Digital Desk: If you are looking for a government scheme in which your money is safe and also gets doubled with guarantee, then ‘Kisan Vikas Patra’ (Kisan Vikas Patra – KVP) can be a great option for you. This is one of the most popular small savings schemes of the post office, which not only gives excellent returns but is also very easy to invest in.
The name may be ‘Kisan Vikas Patra’, but any Indian citizen can invest in this scheme. It was started specifically with the aim of encouraging farmers for long-term savings, but now it is open to everyone.
Guarantee of doubling of money in 115 months
The biggest feature of Kisan Vikas Patra is that in this your money doubles in a fixed time.
- Interest Rate: At present, this scheme is offering compound interest at the rate of 7.5% per annum (this rate is applicable for the July-September 2025 quarter).
- Doubling time: At this interest rate, your investment will double in exactly 115 months (i.e. 9 years and 7 months). For example, if you invest Rs 1 lakh today, you will get Rs 2 lakh after 115 months.
Who can invest?
- Any Indian citizen who is above 18 years of age.
- An adult can also invest on behalf of a minor or a mentally unsound person.
- In this, single or maximum 3 people can open a joint account.
- Note: Hindu Undivided Families (HUF) and Non-Resident Indians (NRIs) cannot invest in this scheme.
How much can you invest?
- Minimum Investment: You can start investing with as little as Rs 1000.
- Maximum Investment: There is no upper limit for investment in this scheme. You can invest as much money as you want.
- PAN card required: It is mandatory to provide PAN card for investments above Rs 50,000. At the same time, for investments of more than Rs 10 lakh, you will also have to provide proof of income (like salary slip, bank statement or ITR).
How to invest?
It is very easy to invest in Kisan Vikas Patra. You can open an account by visiting your nearest post office or some authorized government banks.
- Fill the form: Take Form A from the post office or bank and fill it.
- Submit KYC Documents: Along with the form you have to submit your identity card (Aadhaar, PAN, Voter ID) and address proof.
- Deposit amount: You can deposit the investment amount through cash, check or demand draft.
- Get KVP Certificate: After completion of the process, you will get the certificate of Kisan Vikas Patra, which will have to be shown at the time of maturity.
This scheme is a great opportunity for those who want to grow their money in a safe manner without any market risk.
