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.
Account for minors:Children above 10 years of age can have a KVP account in their own name.
No limit on the number of KVP accounts: Any number of KVP accounts can be opened under the scheme.
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.
Premature closure: A KVP account can be closed prematurely after 2 years and 6 months from the date of deposit.
Amount doubles in 123 months: The amount invested in the KVP account will double in 10 years and 3 months.
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,