A popular investment instrument that’s low-risk and also guarantees assured returns
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 of Interest: 6.9% w.e.f 01.10.2021 –to- 31.12.2021 (GOI revises the eKVP rate of interest on every quarter).
- Tenure: 124 months w.e.f. 01.10.2021 –to- 31.12.2021 .
- Minimum of Rs. 1,000 and in multiples of Rs. 100 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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