The Kisan Vikas Patra (KVP) scheme is one of the most trusted and popular small savings schemes in India. This scheme is especially designed for individuals seeking a secure, government-backed investment option. The current Kisan Vikas Patra interest rate is 7.5% per annum, compounded annually.
At this rate, your investment is guaranteed to double in approximately 115 months, or 9 years and 7 months. This makes Kisan Vikas Patra an excellent option for those who want to grow their savings in a safe and predictable manner, without the volatility associated with market-linked investments. Using a Kisan Vikas Patra calculator, you can estimate the returns on your investment, allowing you to plan your financial goals and make informed decisions about whether or not to invest.
What is Kisan Vikas Patra Scheme?
The Kisan Vikas Patra (KVP) scheme was originally launched in 1988 by the Department of Posts, Government of India, but due to several shortcomings, it was relaunched in 2014 with updated features. It is a small savings certificate scheme that allows individuals to invest a minimum of ₹1,000 and in multiples of ₹100 thereafter, with no upper limit on the investment amount. This scheme is available at all post offices and select public sector banks across India. It is particularly popular among those who prefer fixed returns, long-term savings, and the security of a government-backed investment.
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Current Kisan Vikas Patra Interest Rate 2026
As of the end of 2026, the interest rate on Kisan Vikas Patra (KVP) is 7.5% per annum, compounded annually. This rate is reviewed by the Ministry of Finance every three months and is subject to change by the government, but it has remained stable since April 2023. The scheme has a fixed tenure of 115 months, or 9 years and 7 months, after which your investment doubles. However, please note that the interest earned is taxable, and there are no tax benefits under Section 80C of the Income Tax Act.
How to Use a Kisan Vikas Patra Calculator
The Kisan Vikas Patra calculator, also known as the Kisan Vikas Patra interest calculator or KVP calculator, is an online tool that helps you estimate the maturity amount of your KVP investment. These calculators use standard compound interest formulas such as: A=P×(1+r)t
Where:
- A = Maturity amount
- P = Principal (initial investment)
- r = Annual interest rate (7.5% or 0.075)
- t = Time period in years (115 months = 9.58 years)
To use the Kisan Vikas Patra calculator:
- Enter your principal investment amount.
- Select the time period (typically 9.7 years for doubling the investment).
- The calculator will then show your estimated maturity amount.
Benefits of the Kisan Vikas Patra Scheme
- Government Guarantee: Your investment is backed by the Government of India, making it one of the safest options for savings.
- No Upper Limit: You can invest as much as you want in this scheme; there is no limit on the investment amount.
- Nomination Facility: You can nominate a nominee for your KVP certificate.
- Transfer Facility: The certificate can be transferred from one person to another.
- Flexible Investment: Investments start from ₹1,000 and can be made in multiples of ₹100.
- Joint and Minor Accounts: Accounts can be opened individually, jointly, or in the name of a minor.
Eligibility and Features
- Any Indian citizen can open an account in the KVP (Kisan Vikas Patra) scheme.
- There is no limit to the number of accounts that can be opened; accounts can be opened individually, jointly, or in the name of a minor.
- Premature withdrawal is permitted after 2.5 years, but please note that a lower interest rate will apply.
- This certificate is transferable and can be used as collateral for loans.
- This scheme does not offer any tax benefits under Section 80C; on the contrary, the interest earned is taxable.
Comparison with Other Schemes
| Scheme | Interest Rate | Maturity Period | Tax Benefit | Safety |
|---|---|---|---|---|
| Kisan Vikas Patra | 7.5% | 115 months | No | High |
| NSC | 7.6% | 5 years | Yes | High |
| FD | 6.5–7.25% | 1–5 years | No | High |
Kisan Vikas Patra (KVP) offers a guarantee of doubling your invested money and is backed by the government, but you don’t get any tax benefits on the interest earned. On the other hand, National Savings Certificate (NSC) offers slightly lower returns, but it comes with tax benefits.
Final Thought
The Kisan Vikas Patra (KVP) scheme is a reliable and government-backed investment option that helps you grow your money securely over the long term. With the current KVP interest rate of 7.5% per annum, your investment will double in approximately 9 years and 7 months. You can use a Kisan Vikas Patra calculator or a Post Office KVP calculator to start planning your investment and get an accurate estimate of the returns. Always check the latest rates from official sources before investing and consult a financial advisor for personalized advice.
If you want to add any other option in this Kisan Vikas Patra calculator then you can tell us through contact, we will definitely work on it and try to make the Post Office Kisan Vikas Patra Calculator better for more users.
Frequently Asked Questions
In how many years does a Kisan Vikas Patra double in value?
The value of Kisan Vikas Patra (KVP) doubles in approximately 115 months, which is about 9 years and 7 months.
Can I withdraw my KVP after 2.5 years?
You can withdraw your investment amount after exactly 2.5 years, but please note that you may incur some penalties for doing so.
What is the Kisan Vikas Patra scheme?
Kisan Vikas Patra (KVP) is a government savings certificate scheme launched by India Post in 1988 and relaunched in 2014. Individuals can start investing with as little as ₹1,000, with no upper limit. It offers a fixed interest rate of 7.5% per annum, which doubles the investment in approximately 9 years and 7 months (115 months). This scheme is available at post offices and select public sector banks, and accounts can be opened individually, jointly, or on behalf of a minor. It is designed by the government to encourage long-term savings with guaranteed returns and is now available to all Indian residents.
Is KVP better than FD?
KVP (Kisan Vikas Patra) generally offers a higher interest rate than traditional Fixed Deposits (FDs), but FDs are more flexible and easily available. The maturity period for KVP is fixed at 115 months, while FDs can be opened for varying durations. In terms of security, both are backed by the government, but FDs offer the option of premature withdrawal with a penalty, whereas withdrawing money from a KVP is more difficult.
How to calculate KVP interest?
To calculate the interest on a KVP (Kisan Vikas Patra), use the compound interest formula: A = P (1 + r/n)^(nt)
Here, A is the maturity amount, P is the principal amount, r is the annual interest rate, n is the number of times the interest is compounded per year (for KVP, n=1 as it is compounded annually), and t is the time period in years.
For example, if you invest ₹10,000 for 10 years at an interest rate of 7.5%, substitute the values: A = 10000 × (1 + 0.075/1)^(1×10)
This will give you the total maturity amount, and subtracting the principal will give you the total interest earned.