Kisan Vikas Patra (KVP) 

IT IS A INSTRUMENT ISSUED BY INDIAN POST OFFICE PREVIOUSLY THEY WERE ENGAGED WITH SENDING LETTER BUT DUE TO DIGITISATION THEY HAVE LESS WORK TO DO.NOW THE INCOME FROM POST OFFICE REDUCES CONTINUOUSLY BUT THEY HAVE REACH IN INTERIOR SECTOR OF RURAL AREA.WHERE BANKS DOES NOT HAVE BRANCH,THEIR HAS A  POST OFFICE.SO INDIAN GOVT WANT TO REACH DIRECTLY TO THE RURAL PEOPLE TO HELP THEM THROUGH POST OFFICE.NOW GOVT  AND RBI DECIDED TO GIVE  LICENCE TO POST OFFICE AS BANK.PREVIOUSLY GOVT'S MONEY WESTED THROUGH CORRUPTION AND POOR DOES NOT GET BENEFIT.NOW GOVT WANT TO SEND MONEY TO THEIR BANK ACCOUNT SO THAT THEY CAN USE FULL MONEY FOR THEIR DEVELOPMENT WHICH IS CALLED DIRECT BENEFIT TRANSFER(DBT) THROUGH PRADHAN MANTRI JAN DHAN YOJANA.

{I HONOUR OUR GOVERNOR, CHIEF ECONOMIC ADVISOR AND GOVT TO TAKE WONDERFUL DECISIONS. I WANT TO ANALISE FEW MORE EXCELLENT WORK BY OUR BUREAUCRATS AND ECONOMIST IN MY UPCOMING BLOGS } 

    

• Amount Invested doubles in 100 months (8 years & 4

 months) 

• Available in denominations of Rs 1,000, 5000, 10,000 and 

Rs 50,000. Minimum deposit Rs 1000/- and no maximum

 limit.

• Certificate can be purchased by an adult for himself or on

 behalf of a minor or by two adults.

• KVP can be purchased from any Departmental Post office.

• Facility of nomination is available.

• Certificate can be transferred from one person to another

 and from one post office to another. 

• Certificate can be encased after 2 & 1/2 years from the

 date of issue.