Kisan Vikas Patra (KVP) is one of the available saving certificate scheme in India that one can subscribe from Post Office. It is more like fixed deposit scheme of any bank, however differs significantly due to its distinguished feature and authority of scheme.
It was first launched in 1988 in India then withdrawn in 2011 and again launched in 2014.
Interest Rate: 7.5% annual compounding
100 percent capital gain: money doubles in 9 year 7 month (115 Months)
Minimum face value: 1000/- and then unlimited on 100/- blocks
account type: single, minor, joint
Maturity Period: Ministry of Finance prescribed time frame at the time of purchase.
Transfer/Pledging facility: yes, with conditions
Premature: yes, with conditions
