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Investments

Kisan Vikas Patra

Make convenient investments with low-risk returns

Who can Invest

An adult in his own name, or on behalf of a minor A Trust Two adults jointly

Interest Rate

Kisan Vikas Patra bear an interest rate of 7.3%. (Interest rate is subject to change as per govt. notification)

Investment Amount

Minimum - Rs.1,000/- and in multiples of Rs.1,000/- thereof Maximum – No upper limit on investment in KVP

Maturity Period

Investment gets doubled in 118 months or in 9 years 8 months at present rate of interest.(Duration is subject to change as per Interest rates prevailing in the market at the time of investment)

Features and Benefits

Invest in Kisan Vikas Patra small savings instruments, issued by the Government of India available at these designated Axis Bank branches.
KVP will bear interest at 7.3%. Interest is compounded annually. (Interest rate is subject to change from time to time as per govt. notification.)
Minimum investment amount is Rs. 1,000 and in multiples of Rs. 1,000 thereof
No limit on maximum investment for KVP
Investment gets doubled in 118 months or in 9 years 8 months at present rate of interest from the date of issue. (Duration is subject to change as per Interest rates prevailing in the market at the time of investment)
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 customer can en-cash (premature) the KVP certificates. TDS will not be deducted on the maturity amount.

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