| Year | Interest Earned | Balance |
|---|---|---|
| Enter deposit amount to see growth breakdown | ||
Using our kisan vikas patra calculator is straightforward. Just follow these simple steps to find your maturity amount:
Our KVP calculator does all the math for you based on the latest government rules, ensuring you get accurate results instantly.
Kisan Vikas Patra (KVP) is a savings scheme launched by the Government of India with the primary objective of providing a secure, guaranteed investment option to grow wealth over time. It serves as a low-risk, government-backed financial instrument that guarantees to double your initial deposit over a fixed tenure.
Kisan Vikas Patra is a savings certificate scheme that was initially introduced in 1988 and re-launched in 2014 with revised features. KVP can be purchased from post offices across India and authorized public sector banks, making it accessible to individuals nationwide.
KVP offers guaranteed returns backed by the Government of India, ensuring that your capital is 100% safe and secure.
KVP allows investors to nominate a person or family members to receive the benefits in case of the account holder's demise.
An investor can purchase KVP for a minimum of ₹1,000, in multiples of ₹1,000 thereafter.
The investment earns interest at 7.5% per annum compounded annually. The unique feature of KVP is that it doubles your investment amount in exactly 115 months (9 years and 7 months). For instance, if an investor deposits ₹50,000, they receive ₹1,00,000 at maturity.
At the end of the 115-month tenure, the investor receives double the initial investment amount with guaranteed sovereign safety.
Below is a quick reference table showing the total interest earned and final maturity payout across common deposit amounts in the kvp calculator post office tool:
| Deposit Amount (₹) | Interest Rate (p.a.) | Tenure (Months) | Total Interest Earned (₹) | Maturity Amount (₹) |
|---|---|---|---|---|
| ₹10,000 | 7.5% | 115 Months | ₹10,000 | ₹20,000 |
| ₹50,000 | 7.5% | 115 Months | ₹50,000 | ₹1,00,000 |
| ₹1,00,000 | 7.5% | 115 Months | ₹1,00,000 | ₹2,00,000 |
| ₹2,50,000 | 7.5% | 115 Months | ₹2,50,000 | ₹5,00,000 |
| ₹5,00,000 | 7.5% | 115 Months | ₹5,00,000 | ₹10,00,000 |
| ₹10,00,000 | 7.5% | 115 Months | ₹10,00,000 | ₹20,00,000 |
| ₹25,00,000 | 7.5% | 115 Months | ₹25,00,000 | ₹50,00,000 |
KVP certificates have a mandatory lock-in period of 2 years and 6 months (30 months). After 30 months, premature encashment is permitted at post offices. Below is the official post office payout schedule per ₹1,000 deposit:
| Holding Period | Encashment Value per ₹1,000 Deposit | Effective Growth |
|---|---|---|
| 2 Years & 6 Months (30 Months) | ₹1,154 | +15.4% |
| 3 Years (36 Months) | ₹1,200 | +20.0% |
| 3 Years & 6 Months (42 Months) | ₹1,248 | +24.8% |
| 4 Years (48 Months) | ₹1,298 | +29.8% |
| 4 Years & 6 Months (54 Months) | ₹1,350 | +35.0% |
| 5 Years (60 Months) | ₹1,404 | +40.4% |
| 6 Years (72 Months) | ₹1,519 | +51.9% |
| 7 Years (84 Months) | ₹1,643 | +64.3% |
| 8 Years (96 Months) | ₹1,778 | +77.8% |
| 9 Years (108 Months) | ₹1,923 | +92.3% |
| 9 Years & 7 Months (115 Months - Full Maturity) | ₹2,000 | +100.0% (Doubled) |
| Feature | Kisan Vikas Patra (KVP) | National Savings Certificate (NSC) | Post Office 5-Yr TD | 5-Year Bank FD |
|---|---|---|---|---|
| Interest Rate (p.a.) | 7.5% | 7.7% | 7.5% | 6.5% – 7.25% |
| Tenure | 115 Months (9.58 Yrs) | 5 Years (60 Months) | 5 Years | 5 Years |
| Doubling Guarantee | Yes (Exact 2x) | No | No | No |
| Sec 80C Tax Deduction | No | Yes (up to ₹1.5L) | Yes (up to ₹1.5L) | Yes (Tax-Saver FD) |
| Premature Withdrawal | Allowed after 2.5 Years | Not allowed (Only on death) | Allowed after 6 Months | Allowed (with penalty) |
| Compounding Frequency | Annually | Annually | Quarterly | Quarterly |
The current interest rate for Kisan Vikas Patra (KVP) is 7.5% per annum, compounded annually. The interest rate applicable on the date of certificate purchase remains locked for the entire tenure.
At the current 7.5% annual interest rate, your investment in Kisan Vikas Patra doubles in exactly 115 months (9 years and 7 months).
The minimum deposit required is ₹1,000 and in multiples of ₹1,000 thereafter. There is no maximum investment limit on Kisan Vikas Patra certificates.
Yes, premature encashment is permitted after a lock-in period of 2 years and 6 months (30 months) from the date of deposit. The encashment value is paid according to the official post office premature payout schedule.
No. Investment in Kisan Vikas Patra does not qualify for tax deductions under Section 80C of the Income Tax Act. The interest earned is taxable annually under 'Income from Other Sources' at your applicable tax slab rate.
No, Tax Deducted at Source (TDS) is not deducted by the Post Office on KVP maturity or premature withdrawals. However, the interest earned must be declared in your annual Income Tax Return (ITR).
Yes, KVP certificates can be pledged or transferred as security to scheduled commercial banks, cooperative banks, housing finance companies, or government authorities by submitting Form-5 at the post office.
No. Only resident Indian individuals (singly, jointly, or on behalf of minors) are eligible to purchase KVP. NRIs and Hindu Undivided Families (HUFs) are not eligible to invest in the scheme.