About Kisan Vikas Patra
- A post office savings certificate that doubles your money over a fixed period.
- The doubling period depends on the interest rate when you invest. At 7.5% p.a. compounded yearly, it is 115 months (9 years 7 months). If the rate changes, enter the new period above.
- Minimum ₹1,000, no maximum. Anyone investing ₹50,000 or more must provide PAN; above ₹10 lakh, proof of income is needed.
- Can be encashed early after 2 years 6 months, at a lower value.
- Tax: no section 80C benefit, and the interest is taxable.
Compare: NSC · SCSS · Monthly Income Scheme · bank FD.