Kisan Vikas Patra - India

Kisan Vikas Patra is a small savings that will facilitate people to invest in a long term savings plan.

This scheme was first launched in 1988 by India Post and was again reintroduced in 2014 with some changes.

The reintroduction of Kisan Vikas Patra (KVP) by the Government of India will provide an opportunity for millions of people to invest in long-term savings plan.

The Kisan Vikas Patra Scheme are available from Nationalized Banks, Associate Banks, State Banks and Post Offices across the country in denominations of Rs. 1,000, Rs. 5,000, Rs. 10,000 and Rs. 50,000.

The advantage of this Scheme is its ability to transfer from one person to another. It is further possible to transfer from one bank to another or one post office to another.

Every individual is eligible to obtain the Kisan Vikas Patra and save money.

In Kisan Vikas Patra Calculator, helps you to calculate Maturity Date, Maturity Amount, Total Deposit, Total Interest by just entering you’re details like Deposit Amount & Date of Account Opening.

Mode of Payment :-

* Cash
* Cheque
* Demand Draft

Types of Kisan Vikas Patra :-

* Single Holder Certificate
* Joint-A Type Certificate
* Joint-B Type Certificate

Investment Limit :-

* Minimum limit: Rs. 1000
* Maximum limit: There is no maximum limit stated on the amount of investment that can be made in Kisan Vikas Patra.

Features of Kisan Vikas Patra :-

* Kisan Vikas Patra will double your invested money in 110 months or nine years and two months.
* Kisan Vikas Patra Scheme is available in different denominations. The lowest is Rs. 1000.
* Kisan Vikas Patra is transferable from one person to another or from one post office to another one, anywhere in India
* Kisan Vikas Patra has a lock-in period of two and half years.
* Safe investment scheme for small income group.
* Kisan Vikas Patra scheme can be bought in single or joint names.
* Nomination facility is available on Kisan Vikas Patra.
* Adult can buy it on behalf of minors.
* On untimely death of Kisan Vikas Patra holder, the amount on maturity will be payable to nominee.

Features of Kisan Vikas Patra Calculator :-

* Kisan Vikas Patra Calculator App is easy to use.
* No Internet connection is required for this App
* You can visualize the calculations Graphically through Pie-Chart.
* User Friendly