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E-Kisan Vikas Patra Scheme, 2014

e-Kisan Vikas Patra Scheme

  • Kisan Vikas Patra is a small savings instrument that will facilitate people to invest in a long term savings plan. It is a popular investment instrument given that is of low-risk and also guarantees assured returns.
  • Rate on Interest : 7.6% w.e.f 01.10.2019 to 31.12.2019 (GOI revise the eKVP rate of interest on every Qtr.)
  • Tenure : 113 months w.e.f. 01.10.2019 to 31.12.2019.
  • Minimum of Rs. 1000/- and in multiples of Rs. 1000/- with no Maximum Limit.
  • Certificate can be purchased by an adult for himself or on behalf of a minor or by two adults.
  • All branches are authorized to issue e-KVP.
  • Nomination facility available
  • Lock in Period of 2 years 6 Months. Premature closure before 2 years 6 months is allowed only :
    • On the death of the holder or any of the holders in the case of Joint holder.
    • On forfeiture by a pledge being a Gazetted Government officer.
    • When ordered by a court of law.

****For more details, please visit nearest Bank of Baroda Branch.

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