Kisan Vikas Patra

Kisan Vikas Patra types of account

1. Single Holder Type Certificate 2. Joint ‘A’ Type Certificate 3. Joint ‘B’ Type Certificate

Kisan Vikas Patra key benefits

1. Assured returns 2.Compounding interest - 6.9% 3. Maturity time - 124 months 4. Cost of Investment - starts at 1000 5. Taxation method - No TDS 6. Nomination - Available 7. Loan against a certificate - Available

Kisan Vikas Patra Eligibility

The applicant has to be an adult resident of India.

Hindu Undivided Families (HUFs) and Non-Resident Indian (NRIs) cannot invest in Kisan Vikas Patra.

 A parent/guardian may invest on behalf of a minor.

Kisan Vikas Patra Eligibility

Age proof (Passport, Aadhaar, PAN, etc.)

Form A must be duly submitted to an India Post Office branch or other specific authorized banks.

Form A1, if the application is extended through an agent.

Address proof (Aadhaar, Passport, electricity bill, telephone bill, ration card, etc.)

Photo identification proof (Aadhaar, voter id, PAN, Passport, driving license, etc.)