Post Office Kisan Vikas Patra (KVP) Calculator
Calculate how your KVP investment doubles in 115 months. Government-backed zero-risk money doubling scheme at 7.5% interest.
Calculate KVP Maturity
Enter Investment Details
Minimum ₹1,000. No Maximum Limit.
About Kisan Vikas Patra (KVP)
Kisan Vikas Patra (KVP) is a government-backed savings certificate scheme that doubles your investment in a fixed time period. Originally launched for farmers, it is now available to all Indian residents. It is one of the simplest and most transparent savings instruments — invest once and watch your money double with zero risk.
Eligibility & Key Rules
| Who Can Invest? | Any Indian resident individual (18+ years) |
| Joint Account | Up to 3 adults |
| Minor Account | Guardian can invest on behalf of minor |
| Minimum Investment | ₹1,000 (in multiples of ₹100) |
| Maximum Investment | No limit |
| Current Interest Rate | 7.5% p.a. (Compounded Annually) |
| Maturity Period | 115 Months (9 Years 7 Months) |
How KVP Works
KVP doubles your money through Annual Compounding:
Maturity Value = Principal × 2
At 7.5% p.a. compounded annually, money doubles in exactly 115 months. The formula used: A = P × (1 + r)^t, where at r=7.5% and t=9.58 years, A = 2P.
Maturity Value = Principal × 2
At 7.5% p.a. compounded annually, money doubles in exactly 115 months. The formula used: A = P × (1 + r)^t, where at r=7.5% and t=9.58 years, A = 2P.
Key Features
- Premature Closure: Allowed after 2 years 6 months (30 months) from date of issue.
- Transfer: KVP certificates can be transferred from one person to another or between post offices.
- Nomination: Nomination facility available.
- Pledging: KVP can be pledged as collateral for a bank loan.
- No 80C Benefit: KVP does not qualify for tax deduction under Section 80C.
- TDS: Interest is taxable; TDS may apply as per income tax rules.
Example Calculation
| Investment | ₹1,00,000 |
| Interest Rate | 7.5% p.a. |
| Maturity Period | 115 Months (9 Yrs 7 Mths) |
| Maturity Value | ₹2,00,000 |
| Interest Earned | ₹1,00,000 |
* KVP always doubles the invested amount at maturity. Rate of 7.5% and 115-month tenure are subject to quarterly revision by the Government of India. Actual maturity date depends on date of purchase.