Full formGovernment & Exams
KVPstands forKisan Vikas Patra
Full Form of KVP
What is KVP?
Kisan Vikas Patra (KVP) is a small savings scheme introduced by the Government of India, primarily aimed at encouraging savings among farmers and the general public. Launched originally in 1988 and relaunched in 2014 after a brief hiatus, the scheme is operated through post offices and authorized banks across the country. KVP offers a fixed interest rate, compounded annually, and doubles the invested amount in a predetermined period (currently around 124 months). There is no upper investment limit, making it accessible to a wide range of savers. The certificate can be issued in single or joint names, and can be transferred from one person to another. It is a safe, government-backed investment with moderate returns, often used for long-term financial planning. For government exam aspirants, KVP is frequently asked about in the context of Indian fiscal policy, small savings instruments, and banking awareness sections of competitive exams like UPSC, SSC, and banking tests.
KVP का फुल फॉर्म
किसान विकास पत्र
Example
Ramesh invested ₹50,000 in a Kisan Vikas Patra certificate at the local post office to secure his daughter's future education expenses.
KVP — frequently asked questions
What is the full form of KVP?
The full form of KVP is Kisan Vikas Patra, a small savings scheme of the Government of India.
What is the current interest rate of KVP?
The interest rate of Kisan Vikas Patra is revised quarterly by the government. As of the latest update, it is around 7.5% per annum, compounded annually, with the investment doubling in about 124 months.
Can I invest in KVP through banks?
Yes, Kisan Vikas Patra can be purchased from any authorized post office and also from certain public sector banks that offer this scheme.