Kisan Vikas Patra Scheme
in Gujarat
Last updated:
Key dates and updates (Gujarat)
Nationwide and Gujarat-specific milestones. Verify on the official portal before you apply.
| Milestone | Date |
|---|---|
| Scheme launch |
Kisan Vikas Patra Scheme in Gujarat
Kisan Vikas Patra Scheme is a government scheme available to eligible residents of Gujarat.
Apply for Kisan Vikas Patra Scheme in Gujarat
Scheme Overview
‘Kisan Vikas Patra Scheme’ was relaunched in the year 2014 by the Department of Economic Affairs, Ministry Of Finance, Government of India in view of the popular demand and to revitalize Small Savings. The amount invested in Kisan Vikas Patra (KYP) doubles in 115 months at the present rate.
Eligibility Criteria
Any individual who is a resident of India can avail of the benefits under the scheme.
A parent/guardian may invest on behalf of a minor or person of unsound mind.
The minimum age of minors should be 10 years.
> **Deposits:**
- A minimum of ₹1000/- and any sum in multiples of ₹100/-, may be deposited in an account.
- There shall be no maximum limit for deposits in an account or in accounts held by an account holder.
- An individual may open any number of accounts.
> **Payment on maturity:**
- The maturity period of an account opened between 12th December 2019 to 31st March 2020 (both days inclusive) shall be 9 years and five months. Deposit made in the account shall double on maturity and the amount of maturity may be repaid to the account holder.
- The maturity period of an account opened on or after the first day of April 2020 shall be 10 years and four months. Deposit made in the account shall double on maturity.
- The maturity period of the deposit under this Scheme shall be determined by the rate of interest applicable at the time of opening the account.
Benefits
The scheme offers an interest rate of 7.5 % compounded annually on investment.
Amount Invested doubles in 115 months (9 years & 7 months).
No maximum deposit limit.
Accounts can be opened in Post offices and in authorized banks.
KVP can be transferred from one person to another and from one post office to another.
KVP can be encashed after 2 and half years from the date of investment at the specified rates.
Required Documents
| # | Document |
|---|---|
| 1 | Passport size Photo |
| 2 | Aadhaar Card |
| 3 | Copy of the PAN card |
| 4 | Proof of age i.e. Birth Certificate |
| 5 | The following documents are accepted as officially valid documents for the purpose of identification and address proof: |
| 6 | Passport |
| 7 | Driving license |
| 8 | Voter’s ID card |
| 9 | Job card issued by NREGA signed by the State Government officer |
| 10 | Letter issued by the National Population Register containing details of name and address; |
Common questions in Gujarat
Who can apply for Kisan Vikas Patra Scheme in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for Kisan Vikas Patra Scheme. Refer to the eligibility section above for the complete checklist.
What documents are required for Kisan Vikas Patra Scheme in Gujarat?
Applicants in Gujarat typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
What are the important dates for Kisan Vikas Patra Scheme?
Key dates are summarized in the table on this page, from 1 April 1988 through 1 April 1988, based on values DeshSeva currently stores for this item.
Frequently Asked Questions
'Kisan Vikas Patra Scheme' was relaunched in the year 2014 by the Department of Economic Affairs, Ministry Of Finance, Government of India in view of the popular demand and to revitalize Small Savings. Under the scheme, the amount invested will be doubled in 115 months at the present rate.