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Marlin Priya

Published on: Sep 17, 2026

Kisan Vikas Patra - Eligibility & Investment Application

Kisan Vikas Patra (KVP) is an attractive investment scheme offered by the Government of India, specifically designed for farmers. Originally launched in 1988 by India Post, the scheme saw significant changes over time. After being discontinued in 2011 due to misuse, KVP was re-introduced in 2014 with updated features to benefit investors.

Kisan Vikas Patra Scheme

  • Kisan Vikas Patra is a savings scheme that aims to double the depositor's investment in a span of 118 months (9 years 10 months).
  • The minimum investment is Rs.1000, with available denominations of Rs 1,000, Rs 5,000, Rs 10,000, and Rs 50,000, with no upper limit on the investment amount.
  • The interest rate is compounded annually at a rate of 7.3% p.a. (effective from January 2018).
  • KVP can be purchased at post offices or authorized banks by:
    • An adult in their own name or on behalf of a minor
    • Two adults jointly
    • A Trust
  • The lock-in period for the investment is 2 ½ years (30 months), after which premature withdrawal is allowed.

Note: Maturity period and interest rates are subject to change. For more on how these rates compare with other schemes, visit our Tax Benefits for Startups page to understand fiscal advantages for new ventures.

How to Purchase Kisan Vikas Patra Certificate

To purchase a Kisan Vikas Patra certificate, submit a duly filled application and make the payment via cash, cheque, or demand draft to the Post Master General. Required documents include:

  • Aadhaar Card
  • Passport-size Photograph
  • PAN Card for investments exceeding Rs 50,000
  • Proof of Income for investments exceeding Rs 10 lakh

The certificate is issued immediately upon payment, and the date of payment is considered the certificate date. Discover more about tax implications on such investments on our Cost Inflation Index for FY 2021-22 page.

A copy of the Kisan Vikas Patra application is provided for your reference.

Pre-mature Withdrawal of Kisan Vikas Patra

KVP allows for premature withdrawal after a lock-in period of 2 years and 6 months by submitting a formal request to your post office or bank branch. In extreme cases such as the death of the certificate holder or as ordered by court law, withdrawals can be made earlier, with legal heirs or nominees receiving the amount.

Learn more about legal processes related to NRI Selling Property in India to understand legal requirements associated with assets.

Transfer of Kisan Vikas Patra Certificate

The Kisan Vikas Patra scheme allows transferring of certificates between individuals or post office/bank branches. Required documents for the transfer include:

  • Identity Proof: Aadhaar Card /Driving License/Voter ID/Passport, etc.
  • Residence Proof: Aadhaar Card /Driving License/Voter ID/Telephone Bill/Passport, etc.
  • Original KVP Certificate
  • PAN Card Copy

A copy of the transfer application form is also available for further use.

Maturity

Upon maturity, the proceeds are transferred to the savings account of the holder, with the accrued interest subject to taxation. Ensure your income tax returns are accordingly filed, as guided in our Business Tax Filings page.

At maturity, the following documents must be submitted:

  • Original KVP Certificate
  • Identity proof of the holder
  • The signature of the investor/nominee on the KVP receipt upon receiving the encashed amount. Minors attaining majority must provide attestation from a known person to the Post Master.

For details on income taxes related to maturity, please refer to How Much Rent Income is Tax-Free in India.

Click here for the encashment form.

Back to Learn

Frequently Asked Questions

Common questions about Kisan Vikas Patra Savings Scheme.

The minimum investment amount for Kisan Vikas Patra is Rs. 1,000. The certificates are available in denominations of Rs. 1,000, Rs. 5,000, Rs. 10,000, and Rs. 50,000, with no upper limit on the investment amount.
Kisan Vikas Patra can be purchased by an adult in their own name, an adult on behalf of a minor as a guardian, two adults jointly, or a trust.
The documents required to purchase Kisan Vikas Patra include an Aadhaar Card, a passport-size photograph, a mandatory PAN card for investments over Rs. 50,000, and proof of income source for investments over Rs. 10 lakhs.
The lock-in period for Kisan Vikas Patra is 2 years and 6 months (30 months). Pre-mature withdrawal is allowed after completing this lock-in period.
Yes, Kisan Vikas Patra can be transferred from one person to another or from one post office/bank branch to another. The required documents include identity proof, residence proof, the original KVP certificate, and a PAN card copy.
The maturity period for Kisan Vikas Patra is 118 months (9 years and 10 months). The invested amount doubles during this period.
Yes, the interest accrued on the invested amount in Kisan Vikas Patra is taxable as per the applicable income tax rates.
The documents required for encashment of Kisan Vikas Patra at maturity include the original KVP certificate, identity proof of the holder, and the investor/nominee's signature on the receipt of the encashed amount.
Yes, Kisan Vikas Patra can be withdrawn before the maturity period after completing the lock-in period of 2 years and 6 months. However, premature withdrawal is also allowed in cases of the certificate holder's death, on a court order, or for a minor certificate holder attaining majority.
The current interest rate for Kisan Vikas Patra is 7.3% per annum (effective from January 2018). The interest rate is compounded annually.