Kisan Vikas Patra (KVP), launched by India Post in 1988, is a small savings scheme designed to help individuals save for the long term. The scheme allows investors to double their money in 115 months (approximately 9 years and 5 months) at a fixed interest rate of 7.5% for the April-June 2026 quarter. The minimum investment required is ₹1,000, with no upper limit, making it accessible to a wide range of investors, including minors through adult guardians. While KVP is a low-risk option, the interest earned is subject to taxation, and TDS is deducted at 10% annually. Investors can encash their KVP certificates after 2.5 years, and the account can be transferred to another user. However, Hindu Undivided Families (HUF) and Non-Resident Indians (NRIs) are not eligible to invest in this scheme. KVP certificates can also be used as collateral for secured loans. To apply, individuals need to fill out Form A at a post office and submit necessary KYC documents, including Aadhaar and PAN.