An investment scheme where the amount invested doubles in 110 months (9 years & 2 months). It is available in form of investment certificates, in denominations of Rs 1,000, 5000, 10,000 and 50,000.
Key Features:

Minimum deposit Rs 1000/- and no maximum limit.
Certificate can be purchased by an adult for himself or on behalf of a minor or by two adults.
KVP can be purchased from any departmental post office.
Facility of nomination is available.
Certificate can be transferred from one person to another and from one post office to another.

Source: India Post