Kisan Vikas Patra (KVP): UPSC Daily Important Topic | 26 April 2023

Kisan Vikas Patra (KVP):

✓Governed by the Government Savings Certificates Act 1959 (an SSI offered by India Post).

✓Originally launched in 1988 and relaunched in 2014.

✓Available to resident Indians and trusts.

✓Tenure – 124 months, but not fixed.

✓Minimum investment amount – Rs. 1,000; No upper limit.

✓Interest rate reviewed by the government every quarter.