Kisan Vikas Patra Interest Rate  and Features 2023

Guaranteed returns: KVP deposit is offered by Post Office. It enjoys a sovereign guarantee. So even if the post office fails, your deposits will be secure.

Deposit limit: The minimum amount you can deposit is Rs 1000 and there is no maximum investment limit.

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Account for minors: Children above 10 years of age can have a KVP account in their own name.

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No limit on the number of KVP accounts: Any number of KVP accounts can be opened under the scheme.

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Pledging as security: The KVP account can be pledged or transferred as security by submitting the prescribed application form at the concerned Post Office supported with an acceptance letter from the pledgee.

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Premature closure: A KVP account can be closed prematurely after 2 years and 6 months from the date of deposit.

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Amount doubles in 123 months: The amount invested in the KVP account will double in 10 years and 3 months.

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Kisan Vikas Patra (KVP) Interest Rate 2023: The current interest rate on KVP account deposits is 7% compounded annually. If there is no change in this rate by December 31,

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