Kisan Vikas Patra accounts gain flexibility for transfers and pledging
1 report, 1 independent
Updated Oct 7
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What happened
Kisan Vikas Patra (KVP) accounts, a long-term small-savings investment, can now be moved from one post office to another. Additionally, KVP accounts can be pledged or transferred as security against an obligation. For accounts opened from April 1, 2026, the interest rate remains 7.5 percent for the October-December 2026 quarter, with a maturity period of 115 months.
From moneycontrol.com
Why it matters
The change allows investors to use KVP accounts as collateral, expanding the security options available for this small-savings product. This flexibility permits account-office transfers without changing ownership.
From moneycontrol.com
Who's involved
- India PostOperates the Kisan Vikas Patra accounts
- Reserve Bank of IndiaAccepts KVP accounts as security against obligations
Keep exploring
The entities involved
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India Post
government-operated postal system in India
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Reserve Bank of India
central bank of India