Kisan Vikas Patra

Kisan Vikas Patra scheme is a long-term savings plan introduced by the Indian Government in 1988 and was again reframed in 2014 with some certain changes. Kisan Vikas Patra scheme came under the radar in 2011 when a government committee formed stated that this scheme could be used as a front for money laundering. But the purpose of introducing Kisan Vikas Patra scheme was to draw the attention of people from rural and semi-urban areas.

The scheme works in such a way that the money invested could be doubled in a span of 100 months or 8 years and 4 months and any resident of India can apply for this scheme online.

KVP online form

The KVP form is available on its website, and along with it, tools like KVP calculator, procedure of filling the application and interest accrual chart is provided with it. Right now it is not open for online registrations.


  • The applicant must be a resident of India and 18 years of age.
  • The applicant on behalf of a minor can apply for this scheme. Also, he/she apply it for him/herself.
  • Hindu Undivided Families and Non-Residence Indians (NRIs) are not allowed to be part of this scheme, but trusts can apply for this scheme.

Types of KVP Certificates

1. Single Holder Type Certificate:

Single Holder Type Certificate is provided to the applicant himself or a minor on behalf of the applicant.

2. Joint A Type Certificate:

Joint A type Certificate is provided to two adults and is payable to those associated with it like the two owners or the survivor.

3. Joint B Type Certificate:

Joint B Type Certificate is provided to two adults and is jointly payable to the KVP scheme holders or a survivor.

Interest Rates

Depending on the time duration an applicant wishes to invest in Kisan Vikas Patra Scheme, the interest rate is set. Currently, it is about 7.8 percent.