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HomeCentral Government SchemesKisan Vikas Patra, Kisan Vikas Patra Scheme, Kisan Vikas Patra Interest Rate

Kisan Vikas Patra, Kisan Vikas Patra Scheme, Kisan Vikas Patra Interest Rate

In order to encourage the habit of saving, the Government of India introduced many Saving plans and schemes. One of them is Kisan Vikas Patra Scheme. Beneficiary have to apply for Long term Investment under this scheme. The scheme is best for those individuals who do not want to take any risk regarding their investment.

Kisan Vikas Patra is a well known Long term Saving Scheme which guaranteed provide you the double of your investment amount. You can apply under Kisan Vikas Patra Scheme via Post Office or Near by Private/Public Bank. As a part of the scheme, One have to invest in this scheme for almost 124 months i.e 10 Years 4 Months and after the completion of maturity period, beneficiary will get the double of their invested amount. Any Indian Citizen can avail the benefit as a part of this scheme. 

Kisan Vikas Patra 2021:-

Kisan Vikas Patra is a certificate one can get from Post office. One will get a good and attractive rate of Interest on this Kisan Vikas Patra Saving Scheme and after the completion of maturity period, you will get the double of your invested amount. Kisan Vikas Patra is a Long Investment Plan where you have to invest money for 124 months i.e 10 years 4 months. There is a limit set for minimum Investment i.e Rs 1000, beneficiary must have to invest at least Rs 1000 as a part of this scheme however there is no such maximum investment limit.

Kisan Vikas Patra Interest Rate:-

Beneficiary will get the attractive rate of interest i.e 6.9% on the invested amount. As we already discussed that Kisan Vikas Patra is a long Investment plan and one can get the amount at an interest rate of 6.9% after the completion of maturity period. The best part of this Kisan Vikas Patra is that one can withdraw the amount before the completion of maturity period. If the beneficiary withdrawal the amount within one year of purchase the Kisan Vikas Patra, he will have to pay extra amount as a penalty and interest will also not be given on withdrawal amount. Interest will be given if the beneficiary will withdraw the amount after two and half years. 

One  can purchase the Kisan Vikas Patra from Post Office. Minimum Investment Limit is Rs 1000 and there is no such limit for maximum investment. But if you are looking for investment more than Rs 50,000 than you have to attach your PAN Card details with the documents.

One can avail the amount from the post office after the completion of Maturity Period. To withdraw the amount, beneficiary have to show the identity Proof. In case, you forgot your Identity Proof or have no such proof, you have to visit at the same Post Office where you have opened the account i.e where you get this Kisan Vikas Patra.

Kisan Vikas Patra Types:-

There are mainly three types of Kisan Vikas Patra. 

1) Single Holder Kisan Vikas Patra :- As the name sounds, this Kisan Vikas Patra issued to single person whether its adult or Minor.

2) Joint A Type Kisan Vikas Patra:- Will be Issued to two adults Jointly and both adults will be paid the amount after the completion of maturity.

3) Joint B Type Kisan Vikas Patra:- Will be issued to two adults jointly but amount will be paid to only one out of two adults.

Benefits of Kisan Vikas Patra Scheme:-

  • One can almost double their investment amount as a part of this scheme.
  • One can transfer the Kisan Vikas Patra from One Post Office or Bank to other.
  • On the basis of this Kisan Vikas Patra, one can avail loan from the bank.
  • A good rate of interest i.e 6.9% will be given under this Kisan Vikas Patra Scheme.


Eligibility Criteria to Apply for Kisan Vikas Patra:-

  • Must be a citizen of India.
  • Age should not be less than 18 years.
  • NRI can not avail the benefit under this scheme.
  • Trusts can also avail the benefits as a part of this scheme.

Documents required for Kisan Vikas Patra:-
  • Applicant Aadhaar Card.
  • Applicant Address Proof.
  • Applicant Age Proof Certificate.
  • Applicant Passport Size Photo.

Kisan Vikas Patra Apply Online:-

If you are looking for Kisan Vikas Patra and want to apply for it via online, follow the below steps:
  • Visit the respective bank official website from where you want to obtain this Kisan Vikas Patra.
  • Select the “Investment Plan” option.
  • You will be re-directed to new web page.
  • You will see here a number of Saving Schemes, search for Kisan Vikas Patra Scheme.
  •  Once found, click on it.
  • As soon as you click on it, Kisan Vikas Patra Application Form will open in front of you.
  • You will be instructed to enter the details asked in the application form.
  • Upload all the relevant documents.
  • Click on Submit button.
  • You have successfully applied for Kisan Vikas Patra.

Kisan Vikas Patra Apply Offline:-

You can also apply for Kisan Vikas Patra via Offline mode. For this, you have to visit the nearby Post office or bank and asked for Kisan Vikas Patra Application form. Fill the application form and attached all the relevant documents. Once done, submit the form to the bank or Post office.



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