New Sarkari Yojana List 2024 (नई सरकारी योजनाओं की सूची)

New Sarkari Yojana List 2024 (नई सरकारी योजनाओं की सूची)

प्रधानमंत्री मोदी एवं विभिन्न राज्य के मुख्यमंत्री द्वारा शुरू की गयी सभी योजनाएं, केंद्र व राज्य सरकार की योजनाएँ 2024, सरकारी योजना हिंदी और अंग्रेजी में योगी योजना वेबसाइट पर

Kisan Vikas Patra Scheme 2024 Application Form PDF | KVP Interest Rate, Maturity Period

Indian Post Office has started Kisan Vikas Patra (KVP) scheme for citizens. Read this article to know how to download post office kisan vikas patra account opening form PDF, what is interest rate, minimum deposit amount, maximum balance to be retained in KVP account. Also know Kisan Vikas Patra withdrawal rules, maturity period, premature closure details. KVP is an important scheme of Post Office Savings Bank and its official website is

About Post Office Kisan Vikas Patra (KVP) Scheme 2024

Central government revises post office small savings scheme interest rates on a quarterly basis. Currently, kisan vikas patra scheme offers 7.5% per annum (compounded yearly) interest rate w.e.f 1 April 2024. Amount invested in Kisan Vikas Patra (KVP) scheme cannot be claimed as deduction under Section 80C of Income tax act. Also KVP interest rate does not levy income tax benefit and interest is subject to TDS @ 10% deduction.

Who can open KVP Account

  • a single adult
  • Joint Account (up to 3 adults)
  • a guardian on behalf of minor or on behalf of person of unsound mind
  • a minor above 10 years in his own name.

Deposit in PO Kisan Vikas Patra Scheme

  • Minimum Rs. 1000 and in multiple of Rs. 100, no maximum limit.
  • Any number of accounts can be opened under the scheme.

Post Office Kisan Vikas Patra Account Interest Rate

From 01.04.2024, interest rates are as follows:-
  • 7.5 % compounded annually
  • Amount Invested doubles in 115 months (9 years & 7 months)

Kisan Vikas Patra (KVP) Account Opening Form PDF

If you want to open KVP account, then you can follow process here.
  • Then page showing Post office savings schemes will open.
  • You can download this KVP form, take a printout, fill it manually and submit it at nearest post office branch to open your kisan vikas patra scheme account.

Maturity Period of Kisan Vikas Patra Scheme

The deposit shall mature on the maturity period prescribed by the Ministry of Finance from time to time as applicable on the date of deposit.

Pledging of KVP Account

  • KVP may be pledged or transferred as security, by submitting prescribed application form at concerned Post Office supported with acceptance letter from the pledgee.
  • Transfer/pledging can be made to the following authorities.
    • The President of India/Governor of the State.
    • RBI/Scheduled Bank/Co-operative Society/Co-operative Bank.
    • Corporation (public/private)/Govt. Company/Local Authority.
    • Housing finance company.

Premature Closure of Kisan Vikas Patra Account

KVP may be prematurely closed any time before maturity subject to the following conditions:-
  • On the death of a single account, or any or all the account holders in a joint account
  • On forfeiture by a pledgee being a Gazette officer.
  • When order by court.
  • After 2 years and 6 months from the date of deposit.

Transfer of KVP Account from One Person to Another Person

KVP may be transferred from one person to another person on the following conditions only.
  • On the death of account holder to nominee/legal heirs.
  • On the death of account holder to joint holder(s).
  • On order by the court.
  • On pledging of account to the specified authority.

Minimum Amount to Open KVP Account

The minimum amount to open kisan vikas patra scheme account is Rs. 1000. There is no maximum investment limit in a single financial year under KVP account. 

Maximum Balance that can be Retained in KVP Account

An individual can invest any amount in KVP account. Deposits can be made in multiples of Rs. 100 in the account opened under KVP scheme.

If you want to get more details regarding KVP account, go to official website

Post a Comment