Kisan Vikas Patra, Small saving schemes form Indian Post offices [Tax planning]

Kisan Vikas Patra

Want to double your investments in less than nine years? Guaranteed!

Kisan Vikas Patras (KVPs) are available at all Head Post Offices and authorized post offices throughout India. The KVPs are measured as the most safe investment tool, as it has the backing of the Government of India. The principal is assured (guaranteed) and it is deemed to be a safe avenue for investing your money.

KVP is suitable for an increase in investment as it accumulates money at a fixed rate, and money doubles at the end of the specified period. It is for those looking for guaranteed returns.

Who can purchase :

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

Where available

Available for purchase/issue at Post Offices.

Maturity amount / period :

With effect from 1st March, 2003, invested amount doubles on maturity
after Eight Years and Seven months.

Nomination :

Nomination facility is available.

Denomination / Deposit limits

Certificates are available in denominations (face value) of Rs. 100, Rs.
500, Rs. 1000, Rs. 5000, Rs. 10,000 & Rs. 50,000.
There is no maximum limit for purchase of the certificates.

Tax Benefits :

No income tax benefit is available under the scheme. However the deposits
are exempt from Tax Deduction at Source (TDS) at the time of withdrawal.

Premature encashment :

Premature encashment of the certificate is not permissible except at a
discount in the case of death of the holder(s), forfeiture by a pledgee and
when ordered by a court of law.

Place of Encashment/discharge on maturity :

Can be encashed/discharged at the post office where it is registered or any other post
office.

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104 Responses to “Kisan Vikas Patra”

BIK SRAN [ 01Jun08]

NICE, IT IS NICE TO KNOW THAT KISAN VIKAS PATRA CAN DOUBLE THE INVESTMENTS IN LESS THAN 9 YEARS. PLEASE TELL ME ABOUT THE NRI QUALIFICATIONS FOR POST OFFICE SCHEMES
BIK

RAJ [ 25Jul08]

DEAR SIR
KISAN VIKAS PATRA HAS NO INCOME TAX BENEFIT IT SAYS THAT THE TDS WILL BE LESS AT TIME OF MATURITY AS PER I KNOW TDS IS CHARGED ONLY IF THE INTERES AMT IS MORE THAN 5000/ SO LET ME KNOW HOW MUCH TO INVEST SO THAT TDS IS NOT APLICABLE

Vijay Bhambri [ 05Aug08]

Pleaes tell me how the money grows every six months,I am sure there must be a slab fixed by the Govt

ajay kumar [ 13Aug08]

sir
i am holding some KVP which is going to be mature in the next year/09. I loss two kvp. I have intimated to post office fore the same case.I need a suggestion for the case that it will be issuse for the new one or it can be clear from that post office on maturity without issue.
pls give the reply as earliest so that i can completed the formity and submit.

thanks

ajay

Ravi [ 15Sep08]

Sir,
Iam an NRI residing at Sharjah UAE, Can I Buy KVP, If yes what is the procedure.

Prakash [ 17Sep08]

sir i am interest to do the kvp kindly tell me how many times to get double

Suman Patial [ 13Nov08]

Sir,

Can I Buy KVP, If yes what is the procedure.
Send Online Requiest Form

Regards

Patial

sunny [ 15Nov08]

sir, please tell me investment plan in 1997. i have kvp

zabeen [ 14Dec08]

pls let me know whether the nri or there minor can buy kvp.

Sonal Murali [ 28Dec08]

I have just relocated to another city. I have been having difficulties in encashment of my Kisan Vikas Patra which I had invested thinking that I will be able to encash whenever I need. The post office here says that I have to transfer all my certificates from the original post office which is a very cumbersome process.

Manisha Kumar [ 01Jan09]

I want to buy a KVP of 1 lac for my niece aged 9 yrs in Delhi by local cheque. She is located in some other city.

My question is should I buy in the name jointly with her mother. And how and when can I transfer this to the post office of their city?
If they encash it after 2 and half yrs how much they will get.

shreyash [ 05Jan09]

SIR,I WANT TO KNOW IN DETAIL THAT
ON THE DEATH OF THE INVESTOR[ON WHOSE NAME THE KVP) CERTIFICATE IS],WHAT’S THE PROCEDURE TO TRANFER THE KVP CERTIFICATE ON HIS/HER SON/DAUGHTER NAME?or TO WITHDRAW THE MONEY PREMATURALLY?

PLZ RELPY AS EARLIER AS POSSIBLE

deepti [ 25Jan09]

dear sir,
please let me know what would me my tax liability at the time of maturity if i invest a big amount say 100,000 in kvp

jiju mathew [ 14Feb09]

Dear sir,
I purchased a kissan vikas patra for the amount of Rs.50000/- on June 2006.
Can I prematurely close it on June 2009. What is the procedure for the same.

D Srinivasan [ 18Feb09]

Sir,

I want to change the nomination I have made earlier in the certificates I have purchased. Can you attach a format if any to change the nomination I have made please.

Regards

D Srinivasan

hardikkumar dave [ 21Feb09]

res sir,

i would like to know that in national saving

certificate we are not getting name of nomiee

so if somebody can put another name with our

original nomiee who we can know kindly replyme.

ANANTH [ 04Mar09]

I am an NRI. Can I invest in KVP. How often interest will be paid or compounded till maturity?. Will TDS be deducted at the time of maturity for interest portion?

Thanks for your feedback
Regards
Ananth

Abdulhamid [ 07Mar09]

Is it possible to encash my kvp after 3 years ? I want to buy a home and I am in need of my money. What interest will be received after 3 – 4 years of period, pls reply urgently. thanks

Krishna [ 18Mar09]

I want to buy Kisan Vikas patra but I am an NRI living in USA. Can I purchase them, if yes then can you forward me the details.

saurabh [ 20Mar09]

Dear sir,
A person kept my original papers of kisan vikas patra and that person is in my nominee list but i have no relation with that person. So Please tell me what steps i have to take through which that person can’t take out my money while that person has a very good relation with post office employees.
Please tell me how i stop him.
Reply me as soon as possible.
Regards,
Saurabh

Zaheer [ 18Apr09]

I am a N.R.I and wan to invest in kisan Vikas for my daughter.What is the fomalities.Kindly suggest.

Sayed Zaheer.

Satya [ 09May09]

Dear Sir,

I want to buy Kisan Vikas patra but I am an NRI living in Qatar. Can I purchase them, if yes then can you forward me the details.

Please confirm.

Regards,
Satya

senthil [ 22May09]

Is it possible to encash my kvp after 3 years ? I need of my money. What interest will be received after 3 – 3.5 years of period for Rs.25,000, pls reply urgently. thanks

please reply to my mail.

Mukesh [ 24May09]

Dear Sir,
I have kisan vikas patra. I purchased before 3 Years but after purchase it was with my relative. I want to confirm that this certificate is correct and no one has taken loan OR any benefit from this FD.

Rakesh [ 12Jun09]

Dear sir,
I purchased a kissan vikas patra for the amount of Rs.100000/- in June 2004.
Can I prematurely close it June 2009. What is the procedure for the same and how much amount I will get.

Also suggest is any bank or postoffice buyback this KVP

Pls reply.
Thanks & regards,
Rakesh

M.Govindasamy [ 26Jun09]

I lose my kisan vikas patra for ten days i have enquire the serkali post office in tamil nadu they said this patra was transfer to chennai post office(pazhavanthangal) at now their is no any transfering was not done please can contact and reply
My ph no: 9884053368
City chennai
110, dhara Road
Zhamin pallavaram
Pallavaram
chennai
600 043

MD SINGH [ 30Jun09]

I purchased a kissan vikas patra for the amount of Rs.50000/- on 04 Jan 2006.
Can I prematurely close it on Jul 2009. What is the procedure for the same.
Sir,

P.R. CHAVAN [ 01Jul09]

Type-B, Building No.112, Flat No.07,
BARC Colony, Tarapur
POST : TAPP Pin Code- 401 504 Maharashtra
Tal : Palghar, Dist : Thane

Please send me details of prospectus with prescribed blank application forms regarding postal saving schemes either by
speed post or by courier please.
PR CHAVAN

sandeep singh [ 14Jul09]

I am not sure if anyone actually bothers to reply here but still firing up mu question in hope ot get answer through email.

When it says no TDS what does that mean ? I am planning to invest atleats 3 lakhs per annum, what are my tax implications.
I am NRI (dual citizenship UK and India)

please reply,

thanks,
sandeep

Pittu [ 10Sep09]

soumendutta [ 18Sep09]

soumendutta avocate, kathuriapara,P.O-Krishnagar, Dt-Nadia
sir,
With a view to purchased KVP I issue a outstation cheque (Kolkatta)through agent and in that score any commission will not be given to agent and officer of the post office has advise me to do the same directly bypassing postal agent.
Let me know the procedure and law on these point. And help me to know the same for future guidenes. Applicant is a senior citizen, sister of me.
Thanking you
Soumendutta

rucha [ 02Oct09]

i want all the details of kisan vikas patra how one can proceed with it and the documents required for it .
9881499656

Shalika Misra [ 24Nov09]

Hi,
I want to buy a Kisan Vikas Patra.
Please contact on my email id.

sunitha [ 25Nov09]

maturity of KVPS

APOORVA RAO [ 08Dec09]

if i purchase KVP how would it help me for any bank loan?

NEERAJ AGNIHOTRI [ 23Dec09]

how can NRI invest in KVPS?

mukesh [ 27Dec09]

sir, i purchased kvp this month. is it true that now onwards kvp tax saver investment?

9486538482
burdhwan compound ranchi jharkhand

Aravind [ 29Dec09]

I am planning to ivest 50k in KVP.
Could you please tell me the taxable amount or % on the maturoty which i will be recieving after 9 years

sarthi m. sagar [ 03Jan10]

what is minimum time to encash it after purchase?And what will benifit in that minimum time? my cell no.9016458801. please call me as soon as.

Carol Prasad [ 03Jan10]

Hi Savingwala,

We are the holders of KVPs purchased in June 2003 and Jan 2004.

What is the procedure to follow if we want to re-invest it in KVPs for a second term?

Our contact e-mail is mjo1931@yahoo.com

We are in Mumbai, India

somesh [ 05Jan10]

Sir,
I have certain questions in my mind regarding KVP, this is request that pl clear the same so that i can invent in KVP:-
1)Can i encash my KVP from any Post office in India, as some of the post office didn’t accepts the KVP of other post office?
2)Can i encash my KVP prior to maturity date if yes then what is the process for the same?
3)If me and My nominee died together than what ll happen to my money?

R’s
Somesh
9887005612
Jodhpur

Anand Desai [ 12Jan10]

Please contact me on my mail id.i want to buy KVP.pls.urgent

nitin sagare [ 12Feb10]

sir, i have purched one nsc dn 10000 after tow month deciede dn chane and 100*10 which process

partha pratim saha [ 08Mar10]

sir i have a kvp in the year og 2006 june. i want to premature this kvp now.how much i get as an interest aftar 4 yrs time period?

B C PATEL [ 12Mar10]

Sir,
Please give me guidence for,What is better to purchase,kisan vikas patra or NSC.
Thanks.
bcpatel

Samreddy [ 13Mar10]

Hello Sir/Madam,

First of all I would like to introduce myself as Samreddy. Currently I am working as a Software Engineer.

I am writing to you inregard to the Kisan Vikas savings Plan. Actually I would like to enroll in this plan. I went through the website but it wasn’t quiet helpful to me. I would really appreciate if you could provide me more details and a well defined plan structure.

Appreciate your help!

Thanks,
Rama
email: samreddy09@gmail.com

hardikar [ 24Mar10]

please let me know if the kisan vikas patra is lost what is the procedure to safeguard investers interest/money? the amount is big.

Rajan [ 29Mar10]

DEAR SIR,

I want to withdrawl Total amount of KVP-10000, which metutity date is 13/12/2013.
Please tell me that how money can withdraw in this time.

NAYAN VYAS [ 08Apr10]

Dear Sir,

I have one KVP in the name of me and my wife which will be going to mature in 2013. As it is not beneficial under IT Tax, can you tell me whether it is possible to convert this KVP into some tax benefit scheme.

Thanks

Nayan Vyas
Mobile No – 9824147875
nayan_lnt@yahoo.com

vishesh tyagi [ 10Apr10]

Sir I wnt to know about kvp. I wnt to invest 10,000 as fd through kvp. plz inform me about kvp plan.
thanks

L.B. AFLEY [ 12Apr10]

Is The Matured value (After 7 years and 8 Months)of KVP is Taxable? Pl. clarify
Mob. No. is 09425676888

Mehul [ 18Apr10]

Hi Savingwala

I Want to buy KVP for my Grand parents.
could you please help out is it posible for them because they are Senior Citizen.
Both are above 60.

Please help out.

Thanks
Mehul
09324494313

sandip basu [ 18Apr10]

My mobile no is 9088122136.

I want by NSC or KVP in monthly basis,if I find any agent it will be better for me.

Suchita [ 20Apr10]

Hi Sir,
I have bought a KVP by my name. However, the name is the KVP is wrongly spelled. Please tell me the procedure that how can I change the name. I have moved to some other location, so also tell how can I transfer my KVP.

Suchita [ 20Apr10]

Abha Biyani [ 22Apr10]

Dear Sir,

If i invest Rs.10,000 in kvp how much TDS will be deducated from the maturity amt.

Regards
Abha Biyani
Mob.9004204040
Bhayander west
Dist. Thane

vojo kotow [ 06May10]

Just read a news in a financial newspaper that as per 13th finance commission recommendation Govt is going to set up a panel committee to link the small savings schemes with market aligned return. How far truth is the news?

Mayuri Nichite [ 20May10]

I am interested in Kisan vikas Patra, what is the procedure to invest it

kanak bandyopadhyay [ 22May10]

I am an NRI. Can I invest in KVP. . Will TDS be deducted at the time of maturity for interest portion?

Thanks in advance,
Regards

pranitha [ 27May10]

I am a N.R.I and wan to invest in kisan Vikas.What is the fomalities.Kindly suggest.

Smt. Ratna Bhattacharjee [ 30May10]

sir
i am holding one KVP on january, 2006, in the name of Smt. Ratna Bhattacharjee wife of Sri Birendra Bhattacharjee.I loss kvp and I have intimated to post office for the same case.I need a suggestion for the case that it will be issuse for the new one or it can be clear from that post office on maturity without issue.
pls give the reply as earliest so that i can completed the formality and submit.

thanking you,

Ratna Bhattacharjee

Smt. Ratna Bhattacharjee [ 30May10]

thanking you,

Ratna Bhattacharjee
Mobile No.9231885090
c/o Samir Kumar Das
59/2/1, Sita Nath Bose Lane, Salkia, P.S. Golabari, District Howrah-6(W.B.)

PURNENDU PARTHA SARATHI PANDA [ 09Jun10]

Sir,
I purchased a kissan vikas patra for the amount of Rs.15000/-.

dr lalit saxena [ 10Jun10]

sir i have invest a lumsum more than 1 lakhs in kvp and that i shall pledge in lic hfl for house loan is it a good idea or suggest some other scheme. thanks

sourav [ 22Jun10]

my kvp no is 46cd 240278

how can i know who is the nominee in the ibid kvp no please educate me

narender kumar [ 23Jun10]

Sir,I have bought KVP as dated 21,december 2002, Sir Iwant to know What is due date of abow KVP

A.Rajan [ 25Jun10]

Hi,
I want to buy a Kisan Vikas Patra.
Please contact on my mobile no :9840306010

Shailedra [ 12Jul10]

Dear sir,

I have taken Kishan vikash patra which has got matured in six month before.
please let me know that can I will be benifitted the interest of exceeded priod.
and if yes what will be the rate of interest

Thanks

Shailendra Singh Rawat [ 23Jul10]

I have transfered to another city. I have been having difficulties in encashment of my Kisan Vikas my kishan vikas patra will be maturity on 30/07/2010. I have to transfer all my certificates from the original post office which is a very cumbersome process.

Mustafa Saifuddin Rampurawala [ 27Jul10]

Recently, where I was working it is shutdown I am unemployed having two daughters, (16 & 06) and housewife for their future, i want to invest.
please guide
thanks.

logesh [ 29Jul10]

Dear sir/madam,

I am an NRi, can i buy the KVP. if so can i get the procedure.
Many Thanks in advance

nirbhay thakur [ 30Jul10]

Sir,
I want to purchase KVP but i don`t have residential proof in delhi, i have PAN card but don`t have residential proof. kindly tell me the procudure to purchase KVP.

THANKS

pratik sen [ 09Aug10]

hi
I want to invest Rs300000 in KVPs Is it better to go through an agent or on my own. Will the agent give me a percnt of the commision
Pratik

shams [ 12Aug10]

HI,

Please explain how KVP can help NRI???

prity singh [ 16Aug10]

sir
i bought a kvp 5000.how many commission on this amount.when i gave commission they told me no commission on this amount

udhay [ 18Aug10]

Respected sir, i want know about the scheme of kishan vikas patra so please,brief me the clearly and kindly and what kind od documents you need for my proof authority

thank you,
with best regards,M.UDHAY

ravi kumar verma [ 19Aug10]

sir,my freinds have many KVPs with different different amounts,but few weeks ago in a local new paper wrote that an agent caught by police with fake KVP & we found that he was that agent who issued all KVPs of my freinds,after that we visited to Visheswar ganj post office varanasi & met to head post master & as per his advise we have submmitted a application with xerox of all kvp for its verfication & he assured us that we’ll get written information about it,but after two week later,we have not received any clearification from that post office.plz advised what should we do now ?

vishal [ 27Aug10]

I have KVP. It has done almost 6 yrs 6 months. Now I require cash. Is it advisable to encash KVP or take loan on them. Which all banks / institution give loan on KVP. Can premature incashment be done for KVP

TheEquityMarkets [ 30Aug10]

Postal saving schemes are really good and safe for returns and are really most admirable in rural and even in Urban India.

the are even good enough from bank FD because they are free from TDS and other type of taxes.

but there are lots of other options available which are though not safe as KVP’s but gives more return if taken wisely and for long term

Regards
Alok Aggarwal

suresh [ 31Aug10]

I HAVE LOST MY KVP RS.50,000/- FROM MY RELATIONS , I MADE COMPLAINT AGAINST THEM BUT NO ACTION TAKEN, POST MASTER NOT ISSUING DUPLICATE, I NEED URGENT MONEY, REQUEST INTIMATE HOW TO GET MY AMOUNT BACK.

paul thobias [ 04Sep10]

Hi i need to know upto how much i can investment in kvp ? also any tax or anything iam a NRE person

SATIAH CHANDER [ 05Sep10]

Sir,
I had invested Rs 10000/-(Ten Thousand) in Kishan Vikash Patra from of Mohali post (sector 55) of Punjab Whcih was due in Oct 2010. This kishan vikash patra is misplaced somewhere which could not be traced by me, unfortunately I donot have any photo copy of the above above said vikash patra with me.sir is there any way to trace it.
My brief date is as under:
Name SATISH CHAND
FATHER’S NAME: SURESH CHAND

Anil Kaushal [ 11Sep10]

Sir,

Is there any Tax deduction to invest in Kishan Vikash Patra? How much is the Tax Deduction?

What is concession in Tax.

vimalpatel [ 14Sep10]

sir ,

mene kvp rajkot se li thi ab vo mecture ho gai hai. lekin ab hum surat city aa gaye hai to kya ye ho sakta hai ki ye kvp hum surat me cash karvaye??? plz reply jarur dijiyega.

thank you

anuj gautam [ 18Sep10]

DEAR SIR
KISAN VIKAS PATRA HAS NO INCOME TAX BENEFIT IT SAYS THAT THE TDS WILL BE LESS AT TIME OF MATURITY AS PER I KNOW TDS IS CHARGED ONLY IF THE INTEREST AMT IS MORE THAN 5000/ SO LET ME KNOW HOW MUCH TO INVEST SO THAT TDS IS NOT APPLICABLE

ramesh shah [ 19Sep10]

Dear Sir
I am having few 5 1/2 year Kisan vikas Patra as follow [1]-# 49CC 50J690 dt 22-1 98 registration #119061 name niraj shah[Son of Ramesh shah 7 Vandana shah]15 govind chand dhar lane calcalcutta-700001 some of RS 10,000.
[2]-054586 dt 7/8/97 registration # 10367 name-ramesh shah.[3]-356CCJ6433 dt 20-4-98 registration# 19312 Rs 10.000 name ramesh shah vandana shah. [4]-# 58CC 069245 dt 6-7-98 registration # 20503 RS 10.000 name Varsha shah, Vandana shah. [5]-#39CC78748 dt 5-8-97 registration # 10362 Rs 10.000 name Vandana shah,Ramesh shah at 15 govind chand dhar lane calcutta-700001 total certificate # 5[five] Rs 45000.00
I request you that now i need money for my son’s Marriage please help me
Thank you
Ramesh shah
since last 10 years in USA/NYC]
97 beacon ave Jersey city NJ-07306
Tel-1-201-710-8208. Cell-1-5516891784
Email-easyintercom@gmail.com

chandan [ 25Sep10]

Dear sir,plz give me the full detail of kvp .can we take for minors and how much days it will be get double & what is d procedure to take kvp.

ravindra nath mahato [ 28Sep10]

sir
i have a son of year 10 months. can i by KVP for my son. and what is the process.

rajesh [ 04Oct10]

Sir i want to know what rate of Commission the IndianPost Office pays to it’s agents for getting investments in it’s various Small Savings Schemes (For eg like Time Deposits , Kisan Vikas Patra & Senior Citizen Saving Scheme )?

thank you sir

AJAY [ 30Oct10]

hI SIR,
I am working in abu dhabi. i am intrested to invest rs. 7 lakhs in post office. pls. tell me which is best the scheme MIS,NSC,KVP. and what is the procedure for NRI’s employee.

Rohit grover [ 02Nov10]

dear sir , please give me full of kvp .
to withdrawl of kvp with terms of withdrawl before metuarity or after matuarity .
also detail required of exit procedure.
please give me revert as soon as possible.

Regards
Rohit grover
9818362151

Rashpal Singh Gill [ 03Nov10]

hello Savingwala i Rashpal Singh gill Form dubai im Inertsting for purchase KVP But i Working in Dubai How can I puchase KVP Pleas Give me Detalis

Rashpal Singh Gill [ 03Nov10]

am an NRi, can i buy the KVP. if so can i get the procedure.
Many Thanks in advance

Vivek Iyer [ 18Nov10]

Wether maturity proceeds of kvp is taxable.Also accrued interest is taxable?

Sukhdeep Singh [ 19Nov10]

Hi
Please tell me how much time to take my amount double ?

and

From which rate ?

Hena Girish [ 25Nov10]

Sir

I purchased a kissan vikas patra for the amount of Rs.2500/- on 01 Jul 2004.
Can I prematurely close it on Jan 2011. What is the procedure for the same.

Hena Girish

Hena Girish [ 25Nov10]

Sir,

I have a kissan vikas patra for the amount of Rs.2500/- in 1 Jul 2004.
Can I close it Jan 2011.What is the procedure for the same and how much amount I will get.
Pls send the details for my email ID.
Thanks & regards,

eswari [ 27Nov10]

hello sir , i’m interested to invest in kvp for my child do let me know the details and the possibility.

manish [ 13Jan11]

hell sir, I Want to invest in kvp for my parents, Plz suggest me what the formalities I have to do.

neerj [ 07Feb11]

PLZ RELPY AS EARLIER AS POSSIBLE

khatri [ 09Feb11]

Go to post office and fill the form in name of parents and deposit the cash in Post office. Please fill up the nomination form. Incase of death of any parent to whom money will be transferred on maturity without much problem. More information, please contact post office Vikash patra counter.
happy Investing

Sandeep Chopra [ 10Feb11]

Sir,

If KVP is encashed by nominee after 3 years of maturity. For how much period he is eligible to get intrest after maturity. Kindly guide.

Thanks.

Sandeep Chopra

M.B.Vijayakumar [ 22Feb11]

Sir,

I have purchased Kisan Vikas Patra Bond for Rs.20000/= from 6th October 2003 at Gummidipundi Post Office. Now, I want to close the above. I request you to kindly inform through my e mail id how much I will get till get and what is the procedure for getting the above bond. Also, inform me the latest amendments for the above bond.

Regards,

M.B.Vijayakumar
Mob. No. 9789237981

K.sanal kumar [ 03Mar11]

Sir.i am working in construction company.i have to know for tax reduction purpose and profite.where i have to invest kvp or nse which one is benifit kindly advice me .by sanal kumar

Mumbai, Bangalore, New Delhi, Calcutta, "child education plans","child education plans in india","best child education plans in india","child education insurance plans","child education plans india"

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