Kisan Vikas Patra (KVP): Overview

Kisan Vikas Patra (scheme discontinued w.e.f. 1st December 2011) is another fixed income scheme that doubles your money in eight years and seven months. But it offers no benefits under the Income Tax Act. In terms of liquidity, the scheme is better than the PPF and NSC. You can exit the scheme any time after two and a half years from the investment date, though you will forfeit the interest earned for the invested time period.

KVP: Basics

Can Kisan Vikas Patra (KVP) be encashed only at the post office of issue?

It is easier to encash KVPs at the post office of issue. But, it is not necessary. ......

Can Teachers Provident Fund be invested in Kisan Vikas Patra (KVP)?

Teachers Provident Fund cannot be invested in KVPs. ......

Can Kisan Vikas Patra be purchased by non-resident Indians?

No, non-resident Indians are not eligible to purchase Kisan Vikas Patra. ......

KVP: Opinion

Will a duplicate certificate be issued if the original identity slip is lost/misplaced?

If the identity slip is lost/misplaced, only an individual's convincing power can be used to prove ownership of the Kisan Vikas Patra (KVP). ......

Can co-operative banks/co-operative societies invest in Kisan Vikas Patra (KVP)?

No, co-operative banks/co-operative societies cannot invest in KVPs according to Rule 6 of the Kisan Vikas Patra rules. ......

What are the tax implications on investment in Kisan Vikas Patra?

There are no tax benefits on the KVP or on the interest earned from this instrument. ......