{"id":4303,"date":"2018-05-23T02:56:03","date_gmt":"2018-05-22T21:26:03","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=4303"},"modified":"2019-09-25T11:36:49","modified_gmt":"2019-09-25T06:06:49","slug":"all-about-kisan-vikas-patra-interest-rate","status":"publish","type":"post","link":"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/","title":{"rendered":"All about Kisan Vikas Patra Interest Rate"},"content":{"rendered":"<p>The Kisan Vikas Patra(KVP) is a lucrative savings scheme that provides attractive returns to monies invested, almost double the money upon maturity. It is a sort of fixed deposit of instrument that is sold by the Government of India and administered by India Post. It is one of the most preferred savings instrument in the suburban and rural areas. The\u00a0Kisan Vikas Patra\u00a0can be purchased at any of the designated post offices by payment of cash or cheque. Other negotiable instruments such as Demand Drafts are also accepted.<\/p>\n<p>Abandoned in 2011, the KVP was reintroduced in 2014 by the Government of India(GOI). Some of the features of this public savings scheme has been elaborated below.<\/p>\n<ul>\n<li>The amount invested remains frozen for 100 months(8 years and 4 months) making it a long term savings instrument and one of its kind in the country.<\/li>\n<li>The amount you invest is doubled at the end of term, earning an interest of 8.7% per annum. This aspect helps immensely for those of you looking for a plan that contributes in meeting long term financial goals.<\/li>\n<li>There is no limit on how much one can invest. The KVP is issued in denominations of Rs.1,000, Rs.5,000, Rs.10,000 and Rs.50,000. The member is free to choose a denomination of their choice.<\/li>\n<li>A certificate is issued as a proof of investment, redeemable at any of the post offices across the country.<\/li>\n<li>The amount invested does not receive any tax benefits under prevailing income tax laws. It cannot be claimed as tax deductions.<\/li>\n<li>A TDS(Tax Deduction at Source) is applicable at the rate of 10% from the interest before disbursal.<\/li>\n<\/ul>\n<p>Although premature encashment is not permitted before maturity of the term, it is allowed in circumstances such as death of the primary or any of the joint holders and upon forfeiture.<\/p>\n<h2>Who is Eligible to Purchase a KVP?<\/h2>\n<p><strong>Individuals<\/strong>: An adult for himself or to a minor. The adult can also represent the minor.<\/p>\n<p><strong>Joint Holding<\/strong>: A certificate issued to two adults payable either to both the holders or to either of them or the survivor.<\/p>\n<h2>Who is Eligible to Purchase a KVP?<\/h2>\n<p>The\u00a0<strong>interest rate on Kisan Vikas Patra<a href=\"https:\/\/www.antworksmoney.com\/blog\/nsc-vs-kvp\/\">(KVP)<\/a><\/strong>\u00a0is computed at the rate of 7.8% (with effect from FY 2016-17)on an annual basis for the entire term. Considering the term of 100 months or 8 years and 4 months, the principal investment doubles upon maturity. Let&#8217;s assume you\u2019ve invested Rs.20,000 and availed a KVP certificate, you will be eligible to receive Rs.40,000 upon maturity before tax deductions(TDS).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Kisan Vikas Patra(KVP) is a lucrative savings scheme that provides attractive returns to monies invested, almost double the money upon maturity. It is a sort of fixed deposit of instrument that is sold by the Government of India and administered by India Post. It is one of the most preferred savings instrument in the &hellip; <a href=\"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;All about Kisan Vikas Patra Interest Rate&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-4303","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>All about Kisan Vikas Patra Interest Rate - Antworks Money<\/title>\r\n<meta name=\"description\" content=\"The Kisan Vikas Patra(KVP) is a lucrative savings scheme that provides attractive returns to monies invested, almost double the money upon maturity. It is a sort of fixed deposit of instrument that is sold by the Government of India and administered...\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"All about Kisan Vikas Patra Interest Rate - Antworks Money\" \/>\r\n<meta property=\"og:description\" content=\"The Kisan Vikas Patra(KVP) is a lucrative savings scheme that provides attractive returns to monies invested, almost double the money upon maturity. It is a sort of fixed deposit of instrument that is sold by the Government of India and administered...\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antworksmoney\/\" \/>\r\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/antworksmoney\" \/>\r\n<meta property=\"article:published_time\" content=\"2018-05-22T21:26:03+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2019-09-25T06:06:49+00:00\" \/>\r\n<meta name=\"author\" content=\"Team Antworks\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@AntworksMoney\" \/>\r\n<meta name=\"twitter:site\" content=\"@AntworksMoney\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Antworks\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/\"},\"author\":{\"name\":\"Team Antworks\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/99145cefcc01e42af38c385eeecef0b7\"},\"headline\":\"All about Kisan Vikas Patra Interest Rate\",\"datePublished\":\"2018-05-22T21:26:03+00:00\",\"dateModified\":\"2019-09-25T06:06:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/\"},\"wordCount\":424,\"publisher\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/\",\"name\":\"All about Kisan Vikas Patra Interest Rate - Antworks Money\",\"isPartOf\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#website\"},\"datePublished\":\"2018-05-22T21:26:03+00:00\",\"dateModified\":\"2019-09-25T06:06:49+00:00\",\"description\":\"The Kisan Vikas Patra(KVP) is a lucrative savings scheme that provides attractive returns to monies invested, almost double the money upon maturity. It is a sort of fixed deposit of instrument that is sold by the Government of India and administered...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.antworksmoney.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"All about Kisan Vikas Patra Interest Rate\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#website\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/\",\"name\":\"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.antworksmoney.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#organization\",\"name\":\"antworksmoney.com\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg\",\"contentUrl\":\"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg\",\"width\":335,\"height\":328,\"caption\":\"antworksmoney.com\"},\"image\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/antworksmoney\/\",\"https:\/\/twitter.com\/AntworksMoney\",\"https:\/\/www.linkedin.com\/company\/13288601\/\",\"https:\/\/in.pinterest.com\/antworksmoney\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/99145cefcc01e42af38c385eeecef0b7\",\"name\":\"Team Antworks\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6afb55cf81386baf97744c05fab72eb119a8574a923469f78eae31fde6ccac5f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6afb55cf81386baf97744c05fab72eb119a8574a923469f78eae31fde6ccac5f?s=96&d=mm&r=g\",\"caption\":\"Team Antworks\"},\"sameAs\":[\"https:\/\/www.antworksmoney.com\/\",\"https:\/\/www.facebook.com\/antworksmoney\",\"https:\/\/twitter.com\/@AntworksMoney\"],\"url\":\"https:\/\/www.antworksmoney.com\/blog\/author\/admin-2\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"All about Kisan Vikas Patra Interest Rate - Antworks Money","description":"The Kisan Vikas Patra(KVP) is a lucrative savings scheme that provides attractive returns to monies invested, almost double the money upon maturity. It is a sort of fixed deposit of instrument that is sold by the Government of India and administered...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/","og_locale":"en_US","og_type":"article","og_title":"All about Kisan Vikas Patra Interest Rate - Antworks Money","og_description":"The Kisan Vikas Patra(KVP) is a lucrative savings scheme that provides attractive returns to monies invested, almost double the money upon maturity. It is a sort of fixed deposit of instrument that is sold by the Government of India and administered...","og_url":"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/","og_site_name":"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments","article_publisher":"https:\/\/www.facebook.com\/antworksmoney\/","article_author":"https:\/\/www.facebook.com\/antworksmoney","article_published_time":"2018-05-22T21:26:03+00:00","article_modified_time":"2019-09-25T06:06:49+00:00","author":"Team Antworks","twitter_card":"summary_large_image","twitter_creator":"@AntworksMoney","twitter_site":"@AntworksMoney","twitter_misc":{"Written by":"Team Antworks","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/#article","isPartOf":{"@id":"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/"},"author":{"name":"Team Antworks","@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/99145cefcc01e42af38c385eeecef0b7"},"headline":"All about Kisan Vikas Patra Interest Rate","datePublished":"2018-05-22T21:26:03+00:00","dateModified":"2019-09-25T06:06:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/"},"wordCount":424,"publisher":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#organization"},"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/","url":"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/","name":"All about Kisan Vikas Patra Interest Rate - Antworks Money","isPartOf":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#website"},"datePublished":"2018-05-22T21:26:03+00:00","dateModified":"2019-09-25T06:06:49+00:00","description":"The Kisan Vikas Patra(KVP) is a lucrative savings scheme that provides attractive returns to monies invested, almost double the money upon maturity. It is a sort of fixed deposit of instrument that is sold by the Government of India and administered...","breadcrumb":{"@id":"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.antworksmoney.com\/blog\/all-about-kisan-vikas-patra-interest-rate\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.antworksmoney.com\/blog\/"},{"@type":"ListItem","position":2,"name":"All about Kisan Vikas Patra Interest Rate"}]},{"@type":"WebSite","@id":"https:\/\/www.antworksmoney.com\/blog\/#website","url":"https:\/\/www.antworksmoney.com\/blog\/","name":"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments","description":"","publisher":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.antworksmoney.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.antworksmoney.com\/blog\/#organization","name":"antworksmoney.com","url":"https:\/\/www.antworksmoney.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg","contentUrl":"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg","width":335,"height":328,"caption":"antworksmoney.com"},"image":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/antworksmoney\/","https:\/\/twitter.com\/AntworksMoney","https:\/\/www.linkedin.com\/company\/13288601\/","https:\/\/in.pinterest.com\/antworksmoney"]},{"@type":"Person","@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/99145cefcc01e42af38c385eeecef0b7","name":"Team Antworks","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6afb55cf81386baf97744c05fab72eb119a8574a923469f78eae31fde6ccac5f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6afb55cf81386baf97744c05fab72eb119a8574a923469f78eae31fde6ccac5f?s=96&d=mm&r=g","caption":"Team Antworks"},"sameAs":["https:\/\/www.antworksmoney.com\/","https:\/\/www.facebook.com\/antworksmoney","https:\/\/twitter.com\/@AntworksMoney"],"url":"https:\/\/www.antworksmoney.com\/blog\/author\/admin-2\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/posts\/4303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=4303"}],"version-history":[{"count":1,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/posts\/4303\/revisions"}],"predecessor-version":[{"id":11863,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/posts\/4303\/revisions\/11863"}],"wp:attachment":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=4303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=4303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=4303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}