Kisan Vikas Patra (किसान विकास पत्र) is a government-backed flexible investment instrument offered in the form of certificates. KVP is a fixed-rate small savings scheme designed to double your investment after a predetermined period of time (115 months in the currently available issue). As per current rules, KVP certificates can be purchased from select public sector banks as well as from India Post Offices.
|Kisan Vikas Patra – Key Highlights|
|Interest Rate||7.5% (compounded annually)|
|Investment Amount||● Minimum: Rs. 1,000
● Maximum: No maximum limit
|Tax Benefits||Tax benefits up to Rs. 1.5 Lakh under Section 80C of the Income Tax Act, 1961|