Features and Benefits

Invest in Kisan Vikas Patra small savings instruments, issued by the Government of India, available at these designated Axis Bank branches

Kisan Vikas Patra bear an Interest rate of 7.5% w.e.f 01.04.2023 (Interest rate is subject to change as per govt.notification)

Minimum investment amount is Rs. 1000 and in multiples of Rs. 100 thereof. No limit on maximum investment for KVP.

Maturity period of account shall be 115 months w.e.f 01.04.23.

Invested amount shall double on Maturity

Nomination facility is available in KVP.

There is a lock-in period of 2 years and 6 months. After 2.5 years and thereafter, in any block of six months, the customer can en-cash (premature) the KVP certificates. TDS will not be deducted on the maturity amount.