Features and Benefits

Invest in Kisan Vikas Patra small savings instruments, issued by the Government of India, available at these designated Axis Bank branches

Kisan Vikas Patra bear an interest rate of 7.7%. (Interest rate is subject to change as per govt. notification)

Minimum investment amount is Rs. 1,000 and in multiples of Rs. 1,000 thereof. No limit on maximum investment for KVP.

Investment gets doubled in 112 months or in 9 years 4 months at present rate of interest.(Duration is subject to change as per Interest rates prevailing in the market at the time of investment)

Nomination facility is available in KVP.

There is a lock-in period of 2 years and 6 months. After 2.5 years and thereafter, in any block of six months, the customer can en-cash (premature) the KVP certificates. TDS will not be deducted on the maturity amount.