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Kisan Vikas Patra (KVP) 2022-23: Interest Rate, Online Purchase, Calculator, Tax Benefits

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Short Info: किसान विकास पत्र योजना 2022 ब्याज दर, कैलकुलेटर, टैक्स बेनिफिट्स – [Apply Online] Kisan Vikas Patra Yojana (KVP) 2022-23 SBI, BOB, Axis Bank, ICICI Bank, HDFC Bank – Post Office KVP Online Registration, Post Office Kisan Vikas Patra Scheme Certificate Application Form PDF Download, Eligibility, Online Purchase, Interest Rate, Calculator, Tax Benefits, Payment/ Amount Status, Features and Check Online Application Status at Official Website www.indiapost.gov.in.

Short Scheme Details:
Name of Scheme Kisan Vikas Patra Yojana
Application Status Active
Scheme Benefit Double your investment

Table of Content

किसान विकास पत्र योजना 2022: Kisan Vikas Patra Yojana SBI, Online Purchase, Interest Rate, Calculator, Tax Benefits News Update

Latest News Update: 
  • Post Office Kisan Vikas Patra: Every investor wants his money to be double. But, it is necessary to invest in the right scheme and the right place. Investing in the Kisan Vikas Patra (Kisan Vikas Patra- KVP) scheme of the Post Office guarantees better returns.

Kisan Vikas Patra Scheme 2022 Apply Online @www.indiapost.gov.in

Summary: Kisan Vikas Patra (KVP) is a savings scheme available at India Post Offices in the form of certificates. It is a fixed rate small savings scheme designed to double your investment after a predetermined period of time (124 months in the currently available issue).

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In the Kisan Vikas Patra (KVP), the investors get twice the amount invested after the maturity period. It has to invest at least 1000 rupees. There is no fixed maximum investment limit. One can invest any amount according to his financial capacity.

All Applicants who are willing to apply online application then download the official notification and read all eligibility criteria and application process carefully. We will provide short information about “Kisan Vikas Patra Yojana 2022” like Scheme Benefit, Eligibility Criteria, Key Features of Scheme, Application Status, Application process and more.

Kisan Vikas Patra Yojana 2022 – Overview
Name of Scheme Kisan Vikas Patra Yojana (KVP)
in Language किसान विकास पत्र योजना
Launched by Indian government
Beneficiaries Citizens of India
Major Benefit Double your investment
Scheme Objective To encourage the spirit of saving towards the countrymen.
year 2020
Investment period 124 months
Minimum investment ₹1000
Maximum investment No limits
Rate of interest 6.9%
Scheme under Central Government
Name of State All India
Post Category Scheme/ Yojana/ Yojna
Official Website www.indiapost.gov.in
Important Dates
Event Dates
Starting Date to Apply Online
Last Date to Apply Online
Important Links
Event Links
Apply Online Registration Login
KYC Norms Click Here
Kisan Vikas Patra Yojana 2022 Official Website

Post Office Kisan Vikas Patra Yojana Online Registration Process

Kisan Vikas Patra Yojana is operated by the government, so it is considered very safe from the point of view of investment. KVP certificates can be purchased from post offices. Investing here guarantees better returns. Your invested money in Kisan Vikas Patra Yojana doubles in 124 months.

After 18 years, one can invest in Indian Kisan Vikas Patra Yojana. The special thing is that in this scheme you also get the facility of single account and joint account. However, minors can also apply in this scheme, but they will have to be supervised by a guardian.

All Eligible Applicants who want to apply to this scheme then read all instructions carefully and follow the given below steps to apply online application form:

Procedure to Apply Online Kisan Vikas Patra Yojana Application Form 2021

Step 1- Visit the Official Website of Kisan Vikas Patra Yojana i.e. www.indiapost.gov.in or Bank Portal SBI, BOB, Axis.

Step 2- On the Homepage, you have to click on the link to the investment plan. Now you have to click on the link of Kisan Vikas Patra Yojana.

Step 3- The application Form page will be displayed on the screen.

Step 4- Now enter the required details (Mention all the details such as name, father/ husband name, date of birth, gender and other information) and upload documents.

Step 5- Click on Submit Button for the final submission of the application.

Step 6- Thus you will be able to apply under Kisan Vikas Patra Yojana 2022

Kisan Vikas Patra ​State Wise Link

Unclaimed accounts identified as per Senior Citizen Welfare Fund Rules 2016

Procedure for applying offline under Kisan Vikas Patra Yojana

Step 1- Investment in Kisan Vikas Patra, you can open an account by filling the form by going to the post office or bank.

Step 2- If you want, you can also download the form online.

Step 3- In this, write the number of purchase amount that you want to invest.

Step 4- Also fill in the name, address and other details of the applicant. Select ‘A’ or ‘B’ membership to open a KVP account in single or joint.

Step 5- If you want to make someone a nominee in it, then also fill in its details.

Step 6- For the KYC process along with the form, proof of identity, Aadhar card, PAN card, voter ID card, driving license, passport, KVP application form and address proof and death of birth certificate will have to be photocopied.

Step 7- Now you have to submit this application form to the same bank or post office.

Step 8- In this way, you will be able to apply under the Kisan Vikas Patra Yojana.

How to transfer KVP from one person to another?

The subscriber must submit a written application for the transfer of KVP Certificate from one person to another at the registered Post Office. This transfer is possible in the following cases-

  • Transfer of Certificate of a deceased person to his/her heir
  • From a single owner to joint owners
  • From joint owners to a single owner
  • From the beholder to the judge of law

The process to transfer Kisan Vikas Patra Yojana 2022

Step 1- Applicant visit to the bank or post office from where you have taken the Kisan Vikas Patra Yojana.

Step 2- Now you have to take the transfer form B from it.

Step 3- You have to enter all the information asked in this form.

Step 4- Now you have to attach all important documents to this form. Which is identity card, residence certificate, original KVP certificate, and application.

Step 5- After this you have to submit this form in the same bank or post office.

Step 6- Thus, you will be able to transfer Kisan Vikas Patra Yojana 2022 .

Kisan Vikas Patra Yojana 2022-23 Interest Rates

KVP Interest rate may change periodically based on the announcements made by the Finance Ministry. The current interest rate applicable to KVP is 6.9% per annum which will double your investment in 124 months.

The following are the historical interest rates offered by the Kisan Vikas Patra scheme* :

Time Period Interest Rate of KVP
Q1 FY 2022-23 6.9%
Q4 FY 2019-20 7.6%
Q2 FY 2019–20 7.6%
Q1 FY 2019–20 7.7%
Q4 FY 2018-19 7.7%
Q3 FY 2018-19 7.7%
Q2 FY 2018-19 7.3%
Q1 FY 2018-19 7.3%

*KVP principal has compounded annually

Kisan Vikas Patra (KVP) Calculator

Given below is a descriptive example of calculation of maturity amount and interest rates under Kisan Vikas Patra.

Note: It is assumed that the minimum investment is Rs.1000

Duration → 15th Jan 2000-28th Feb 2001 1st March 2001-28th Feb 2002 3rd March 2002-28th Feb 2003 After 1st March 2003
Year↓ Amount Accrued ↓
2 Years 6 Months Rs.1246 Rs. 1209 Rs. 1195 Rs. 1170.51
3 Years Rs. 1302 Rs. 1274 Rs. 1256 Rs. 1207.95
3 Years 6 Months Rs. 1407 Rs. 1327 Rs. 1305 Rs. 1267.19
4 Years Rs. 1478 Rs. 1409 Rs. 1382 Rs. 1310.8
4 Years 6 Months Rs. 1585 Rs. 1470 Rs. 1439 Rs. 1355.9
5 Years Rs. 1668 Rs. 1572 Rs. 1534 Rs. 1435.63
5 Years 6 Months Rs. 1779 Rs. 1644 Rs. 1602 Rs. 1488.49
6 Years Rs. 1874 Rs. 1770 Rs. 1672 Rs. 1543.3
6 Years 6 Months Rs. 2000 Rs. 1857 Rs. 1800 Rs.1649.13
7 Years NA NA Rs. 1883 1713.82
7 Years 3 Months NA Rs. 2000 NA NA
7 Years 6 Months NA NA NA 1781.06
7 Years 8 Months NA NA Rs. 2000 NA
8 Years & 8 Years 7 Months NA NA NA Rs. 1850.93
8 Years 7 Months NA NA NA Rs. 2000
More than 8 years 7 Months NA NA NA NA

Required Document for Kisan Vikas Patra Yojana

Important Document to Apply Online
  • Aadhar Card
  • residence certificate
  • KVP Application Form
  • Age certificate
  • Passport size photograph
  • mobile number

in Hindi

  • KYC प्रक्रिया के लिए पहचान प्रमाण
  • आधार कार्ड
  • पैन कार्ड
  • वोटर आईडी कार्ड
  • ड्राइविंग लाइसेंस
  • पासपोर्ट
  • KVP आवेदन पत्र
  • एड्रेस प्रूफ
  • डेथ आफ बर्थ सर्टिफिकेट

Kisan Vikas Patra Yojana Eligibility Criteria

Beneficiary Guidelines
  • To apply under this scheme, the applicant must be a permanent resident of India.
  • It is necessary to be at least 18 years of age to invest in Kisan Vikas Patra
  • Apart from a single account, it also has the facility of the joint account. At the same time, this scheme also exists for minors, which the guardian has to supervise.
  • This scheme is also applicable for trusts except for Hindu undivided family ie HUF or NRI.

Kisan Vikas Patra Yojana 2022: Online Application Form

Kisan Vikas Patra Yojana 2022: Online Application Form PDF Download – The Kisan Vikas Patra (किसान विकास पत्र योजना) scheme of the Department of Posts is a one-time investment scheme issued by the Government of India, which is present in all post offices and big banks in the country.

Kisan Vikas Patra (Types of Kisan Vikas Patra) are mainly of two ways. Single holder certificate can be opened for both adult or minor. There are two types of joint holders. In the first type, both account holders get the benefit on maturity. In the second type, one gets the entire amount at maturity or the Survivor gets this amount.

  • Rate of Interest: 6.9% Interest rate will be affected till 01.10.2020 to 31.12.2020 (Government of India revises interest rate of E-KVP every quarter).
  • Tenure: 124 months will remain in effect from 01.10.2020 to 31.12.2020.
  • Minimum Rs 1000 / – and in multiples of 100 / – (no maximum limit)
  • The certificate can be purchased by an adult for himself or on behalf of a minor or by two adults
  • Nomination facility available
  • There is a lock in period of 2 years 6 months, this scheme can be closed prematurely only in the following circumstances-
    • On the death of the holder or any holder in case of joint holder
    • On being certified by a gazetted government official
    • When ordered by court

In the Form of Certificates

KVP has certificates up to Rs 1000, Rs 5000, Rs 10,000 and up to Rs 50,000, which can be purchased.

Types of Kisan Vikas Patra

  • Certification of a Single Holder: Furnished to an individual adult or on behalf of a minor
  • Joint A: Furnished to two adults jointly. This is payable to both the individuals or the one who survives till maturity
  • Joint B: Furnished to two adults jointly and is paid to either of the owners or to the one who survives till maturity

Minimum and Maximum Investment Limit

Certificates are issued for the amount invested in the scheme. The minimum amount to invest in this scheme is Rs 1,000. PAN card is mandatory for investments above Rs 50,000. The interest on investment in KVP certificate is decided by the Ministry of Finance and is not directly related to market risks.

Taxability of Kisan Vikas Patra

  • There are no tax benefits available under this scheme.
  • The interest accrued is taxable under ‘Income from Other sources’, paid every year.
  • And, TDS of 10% is subtracted from the interest. However, the final amount on maturity is exempted from tax deductions.

Objectives of Kisan Vikas Patra Yojana 2022

Kisan Vikas Patra (KVP) is one of the nine small savings schemes offered by the post office. Investors who want to avoid risk can double their money by investing in these small savings schemes. This scheme claims that by investing 10 years and 4 months (124 months), your money will double.

Major Benefits

  • In Kisan Vikas Patra, your money doubles in a set period. This scheme is being offered to people in all post offices and big banks of the country. Its maturity period is currently 124 months, in which you have to invest at least 1000 rupees, while there is no maximum investment limit. With an interest rate of 6.9 percent, your investment here will double in 124 months. That is, if you have invested Rs 1 lakh, then you will get Rs 2 lakh on maturity.
  • Guaranteed returns as KVP certificate is a government-backed instrument.

Key Features of Scheme

  • Interest rates on Kisan Vikas Patra are available at 6.9%.
  • The amount doubles in 124 months according to the current interest rate.
  • Mainly it is a post office scheme, then the calculation of interest rate is quarterly.
  • Meaning the interest rate is fixed every three months.
  • The interest rate for the March quarter was 7.7 percent and at that time it was doubling in 112 months.
  • The interest rate was also 7.7 percent in the December 2019 quarter.
  • Minors can also purchase KVP certificates in this scheme. However, the account must be held by an adult.
  • Only Indians residing in India are eligible to purchase KVP certificate.
  • NRIs are not allowed to invest in the KVP scheme.
  • Apart from NRIs, Hindu-integrated families cannot purchase KVP certificates.

Helpline Number 

Customer Care Toll Free Number 1800 266 6868
09.00 am to 06.00 pm (except Sunday and gazetted holidays)
Toll Free Call Centre 1800-11-2011 (For International Mails)Click here for quick help on regarding QueriesATM Customer Care Toll Free Number 1800 425 2440
(For ATM/ debit card, mobile/ internet/ SMS banking related grievances.)

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