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 01.07.2021 –to– 30.09.2021 (GOI revises the eKVP rate of interest on every quarter).
Tenure: 124 months w.e.f. 01.07.2021 –to– 30.09.2021.
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.