How to Transfer a Kisan Vikas Patra Account

KVP can be purchased from any Departmental Post Office. The minimum deposit amount is Rs. 1000, there is no maximum limit fixed.

This saving schemes certificate can be purchased by an adult for themselves or on the behalf of a minor.

It can also be purchased by 2 or more adults. This certificate can only be encashed after a minimum of 2 and a half years.

Transferring of Kisan Vikas Patra

KVP can be transferred in two ways 

1. Transfer of KVP from one Post Office to another
2. Transfer of KVP from one person to another

Transfer of KVP from One Post Office to another Post Office

A KVP certificate can be transferred from the Post Office where it was bought to any other Post Office from the owner(s) by making it program through a form set down by the Post’s Director General at either of the Post Offices.

This program will be finalized by both the owners in case of a combined type certification. In case one of the owners is deceased, the program can be finalized by the remaining owner.

Transfer of KVP from One Person to another Person

A KVP certificate can be transferred from one person to another person in the following instances –

1. A KVP certificate can be transferred or exchanged if approval is sought from the Head Postmaster and the Sub Postmaster, where both belong to the Post Office where the certificate was initially released.
2. A KVP certificate can be transferred from the company to its worker on behalf of whom the certificate was initially bought.
3. A KVP certificate can be transferred from The Cooperative Financial Institution or Community, The Planned Financial Institution or The Reserve Financial Institution of India to its customer or participant.

1. A KVP certificate can be transferred from a Gazetted Government Officer and/or from the regional power to any system/finance/individual and on behalf of whom this certificate was organized and when this certificate was not released in the name of whom it was organized (system/finance/individual).
2. A KVP certificate can be transferred from the deceased owner’s name to their heir.
3. A KVP certificate can be transferred from the judge of law and/or to another individual under the orders of the law court.
4. A KVP certificate can be transferred from one owner to a set of combined owners.
5. A KVP certificate can be transferred from combined owners to the name of one of the combined owners or the remaining owner.