Kisan Vikas Patra
It is a certificate scheme by Indian post office. It doubles your one-time investment in 10 years and 4 months.
The applicant must be an India, above 18 years of age.
Can Minor Invest in KVP?
An adult can open this account in behalf of the minor.
Types of KVP Certificates Available
Single Holder Type Certificate, Joint ‘A’ Type Certificate, Joint ‘B’ Type Certificate.
The market fluctuations won't affect the sum you will get. You will get the exact sum guaranteed.
It is no risk investment. It will be in safe mode and it isn't subject to market risks.
Interest Rate of KVP
The current interest rate is 6.9% p.a. for the Q2 FY 2022-23
The maturity period for Kisan Vikas Patra is 10 years and 4 months (124 months).