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Bank of BarodaGovernment savings scheme

e-Kisan Vikas Patra (e-KVP) — Bank of Baroda

A Government of India small-savings certificate sold through Bank of Baroda, currently at a contractual 7.50% rate for new purchases with a 115-month maturity and no maximum investment ceiling.

First-party evidencePublished researchReviewed September 10, 2026Active
Open primary bank source ↗Bank dossierCompare alternatives
Current government rate / mechanism7.50% p.a. for e-KVP purchases in the current 1 July–30 September 2026 quarter; unlike PPF/SSA, the rate at purchase is contractual and remains applicable through that certificate’s maturity. Current maturity is 115 months.
Contribution / investment / termMinimum ₹1,000 and then ₹100 multiples; no maximum investment limit under the reviewed scheme page.
Liquidity / loan / transfer rulesNormal premature closure is available only after 2 years 6 months. Earlier closure is limited to specified death, forfeiture by eligible pledge or court-order cases. No Section 123 principal deduction is modeled for KVP.
Scheme eligibilityResident Indian adults, eligible purchases on behalf of minors and permitted joint adult holdings. NRI, HUF, trust, company and charitable-organization purchase is excluded by the reviewed Bank of Baroda page.
Research processPublished by bankingreference.info

Structured from first-party bank/issuer evidence. This page does not claim personal hands-on product use unless that experience is explicitly stated.

3 first-party sources
Last checkedSeptember 10, 2026

Recorded source review date, not a claim that the product changed that day.

Maintenance stateWithin scheduled review window

Target recheck: December 9, 2026.

Critical decision facts

Government-set economics, contribution rules, liquidity and eligibility must be read together.

The servicing bank does not set the scheme economics; current government/RBI rules and the exact service route remain controlling.

01 · Current government rate / mechanism7.50% p.a. for e-KVP purchases in the current 1 July–30 September 2026 quarter; unlike PPF/SSA, the rate at purchase is contractual and remains applicable through that certificate’s maturity. Current maturity is 115 months.
02 · Contribution / investment / termMinimum ₹1,000 and then ₹100 multiples; no maximum investment limit under the reviewed scheme page.
03 · Liquidity / loan / transfer rulesNormal premature closure is available only after 2 years 6 months. Earlier closure is limited to specified death, forfeiture by eligible pledge or court-order cases. No Section 123 principal deduction is modeled for KVP.
04 · Scheme eligibilityResident Indian adults, eligible purchases on behalf of minors and permitted joint adult holdings. NRI, HUF, trust, company and charitable-organization purchase is excluded by the reviewed Bank of Baroda page.
Exact product-type evidence

Government savings scheme evidence stays in its own structure.

Specialist fields below remain source-scoped. Missing values stay missing; one banking product type is never used to manufacture facts for another.

Verified servicing routes

Where this one Government scheme can actually be opened or serviced.

The scheme economics remain Government-set. These rows verify bank/channel access only and never create duplicate bank versions of the scheme.

Research matrix: Servicer / status; Opening route; Digital / transfer notes
Servicer / statusOpening routeDigital / transfer notes
Bank of BarodaAll branches + bob World · verifiedAll Bank of Baroda branches are authorized to issue e-KVP; eligible Bank of Baroda customers can also purchase through bob World.Existing certificates can be viewed online and the bank also documents loan/collateral use. KVP ownership/transfer remains governed by the Government scheme; online purchase does not change those rules. Source ↗
Government rate history

KVP across the last six notified quarters.

History preserves the Government-notified period. For PPF/Sukanya the account rate can reset over time; SCSS/KVP mechanics can lock the opening/purchase-period rate for that contract.

July 1, 2026 – September 30, 2026
7.50% p.a. · 115 months

DEA 30 June 2026 memorandum: rates unchanged from Q1 FY2026-27.

Government evidence ↗
April 1, 2026 – June 30, 2026
7.50% p.a. · 115 months

DEA 30 March 2026 memorandum: rates unchanged from Q4 FY2025-26.

Government evidence ↗
January 1, 2026 – March 31, 2026
7.50% p.a. · 115 months

DEA 31 December 2025 memorandum: rates unchanged from Q3 FY2025-26.

Government evidence ↗
October 1, 2025 – December 31, 2025
7.50% p.a. · 115 months

DEA 30 September 2025 memorandum: rates unchanged from Q2 FY2025-26.

Government evidence ↗
July 1, 2025 – September 30, 2025
7.50% p.a. · 115 months

DEA Annual Report 2025-26 publishes the same rates for all four FY2025-26 quarters.

Government evidence ↗
April 1, 2025 – June 30, 2025
7.50% p.a. · 115 months

DEA Annual Report 2025-26 publishes the same rates for all four FY2025-26 quarters.

Government evidence ↗
Open full Government rate history
Maintained terms

Fees, balances, benefits, limits and eligibility without a single-score shortcut.

These six fields are the cross-product layer. The specialist section above controls whenever a type-specific field is more precise.

Current government rate / mechanism7.50% p.a. for e-KVP purchases in the current 1 July–30 September 2026 quarter; unlike PPF/SSA, the rate at purchase is contractual and remains applicable through that certificate’s maturity. Current maturity is 115 months.
Contribution / investment / termMinimum ₹1,000 and then ₹100 multiples; no maximum investment limit under the reviewed scheme page.
Payout / tax / scheme benefitsGovernment-backed contractual return, nomination, branch and eligible bob World purchase routes, and ability to use the certificate as collateral under applicable rules.
Liquidity / loan / transfer rulesNormal premature closure is available only after 2 years 6 months. Earlier closure is limited to specified death, forfeiture by eligible pledge or court-order cases. No Section 123 principal deduction is modeled for KVP.
Scheme eligibilityResident Indian adults, eligible purchases on behalf of minors and permitted joint adult holdings. NRI, HUF, trust, company and charitable-organization purchase is excluded by the reviewed Bank of Baroda page.
Government / service-channel ruleAll Bank of Baroda branches are stated to be authorized to issue e-KVP and eligible customers can purchase through bob World; the Government sets the quarterly new-purchase rate, while the booked rate remains contractual to maturity.
Fit & cautions

Who this record appears designed for—and what can break the fit.

Best-fit wording summarizes the published proposition. It is not individualized financial advice or an approval prediction.

Potential fit

Resident investors wanting a government-backed fixed-at-purchase return with no statutory maximum investment and who can accept the 2-year-6-month normal lock before premature closure.

Verify before relying
  • KVP is not put into the ordinary bank-FD rate finder because its government-set certificate mechanics and lock rules differ from bank deposits.
  • The current Bank of Baroda page contains stale legacy FAQ fragments alongside its current 7.50% / 115-month facts; the current Government Q2 notification and current top-level product facts control.
  • No Section 123 / Schedule XV principal deduction is modeled for KVP.
  • Using KVP as collateral creates borrowing risk and should not be treated as equivalent to free liquidity.
Maintained comparisons

Compare this product only where the pair is deliberately maintained.

Both sides keep independent review dates, exact conditions and first-party evidence. No winner score is generated.

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First-party source ledger

Complete evidence set for this maintained profile.

Each source remains independent. A product page, tariff, KFS/MITC, rate schedule or programme document is not silently treated as interchangeable evidence.

01
Primary product / service sourcebankofbaroda.bank.in
Open source ↗02
Additional first-party evidencedea.gov.in
Open source ↗03
Additional first-party evidenceindianbank.bank.in
Open source ↗
Current-use rule

When the bank changes a term after the recorded review, the current agreement, tariff, KFS/MITC or effective rate table controls.

Research boundary

This page organizes dated public evidence; it does not guarantee eligibility, availability, approval, service quality or future pricing.