Kisan Vikas Patra (KVP) Calculator
Calculate your investment returns with India Post's savings scheme
Your KVP Investment Results
About Kisan Vikas Patra
What is KVP?
Kisan Vikas Patra (KVP) is a savings scheme offered by India Post that doubles your investment in a specified period. Currently, the investment doubles in 124 months (10 years 4 months) at the prevailing interest rate.
Investment Details
- Minimum investment: ₹1,000
- No maximum limit
- Investments can be made in multiples of ₹100
- Available at all post offices in India
Interest Rate
- Current rate: 7.5% per annum (as of 2023)
- Interest is compounded annually
- Rates are revised quarterly by the government
- You can input any rate in the calculator
Eligibility
- Any individual (single or joint)
- A minor through guardian
- Trusts and HUF (Hindu Undivided Family)
Documents Required
- Identity proof (Aadhaar, PAN, Voter ID, etc.)
- Address proof
- Passport size photographs
Safety
KVP is a government-backed scheme, making it one of the safest investment options available in India.
KVP Maturity Schedule
Below is the maturity schedule for Kisan Vikas Patra based on different investment periods at 7.5% interest rate:
| Investment Term | Maturity Amount (₹10,000) | Interest Earned | Effective Annual Return |
|---|---|---|---|
| 9 Years 5 Months | ₹19,216 | ₹9,216 | 7.50% |
| 5 Years | ₹14,356 | ₹4,356 | 7.50% |
| 10 Years | ₹20,610 | ₹10,610 | 7.50% |
| 15 Years | ₹29,586 | ₹19,586 | 7.50% |
| 20 Years | ₹42,479 | ₹32,479 | 7.50% |
| 25 Years | ₹60,983 | ₹50,983 | 7.50% |
| 30 Years | ₹87,550 | ₹77,550 | 7.50% |
| 40 Years | ₹180,314 | ₹170,314 | 7.50% |
| 50 Years | ₹371,364 | ₹361,364 | 7.50% |
Important Notes
- Premature withdrawal is allowed after 2.5 years (30 months) with penalty
- KVP certificates can be transferred from one person to another
- No TDS is deducted on interest earned
- Interest is taxable as per your income tax slab
- The calculator allows you to input any interest rate for customized calculations
Kisan Vikas Patra (KVP) is a trusted small savings scheme of India Post, which was started in 1988. Its aim was to promote long-term financial planning. Initially this scheme was made for farmers, but now it is open to all. In this scheme your money remains secure and you get guaranteed returns.
Nowadays, the tenure of KVP is 9 years 5 months, and by maturity your investment gets doubled! It is perfect for those investors who do not want to take risk and want stable growth.
In this guide, we will talk about Kisan Vikas Patra in detail, such as what it is, how it works, what are its benefits, and how to calculate KVP returns (using formula and online Kisan Vikas Patra calculators). Also, we will share a user perspective so that you can understand whether KVP is right for your financial goals or not.
What is Kisan Vikas Patra?
Kisan Vikas Patra is a certificate-based savings scheme available in post offices in India. This scheme promotes disciplined savings, where you can start from ₹1,000 and there is no maximum investment limit, so it is very flexible for investors. The biggest advantage of this scheme is that your money gets doubled by the maturity period. With the backing of the Government of India, this scheme is safe and reliable.
Important Features of Kisan Vikas Patra:
- Tenure (Investment Period): 9 years 5 months (113 months, till 2025).
- Interest Rate: Now 7.5% per annum (compounded annually).
- Investment Range: Minimum ₹1,000, no maximum limit.
- Eligibility: Any Indian resident can invest. Minors can invest through their guardian.
Documents Required:
- Aadhaar Card: Mandatory for every investor.
- PAN Card: If the investment is more than ₹50,000, then a PAN card is required.
- Income Proof (ITR/Salary Slips/Bank Statements): If the investment is above ₹10 lakh, then income proof will have to be shown.
Taxation:
- The interest received on this scheme is taxable.
- There is no tax benefit under Section 80C.
In simple words, Kisan Vikas Patra is a safe and long-term savings option in which your money gets doubled, but interest is taxed. If you are looking for a risk-free investment then this can be a good option for you.
How Does Kisan Vikas Patra Work?
When you invest money in KVP (Kisan Vikas Patra), compound interest is charged on your principal amount. Suppose you have invested ₹ 1 lakh at an interest rate of 7.5%, then by maturity your amount will double i.e. ₹ 2 lakh. This scheme is best for those who want to get guaranteed returns by investing a lump sum, especially for long-term goals like children’s education, marriage or retirement.
How is interest calculated in KVP?
You can use the KVP compound interest formula to understand the growth of your investment:
A = P (1 + r/n) ^ (nt)
Where:
- A = maturity amount
- P = Principal
- r = Annual interest rate (e.g. 7.5% = 0.075)
- n = Number of times interest is compounded in a year (in KVP, annual, so n=1)
- t = Time (in years), e.g. 113 months = 9.42 years
Example: ₹1 lakh investment, 7.5% interest, for 113 months (9.42 years)
- 1st year: Interest = ₹7,500 → New principal = ₹1,07,500
- 2nd year: Interest = ₹8,062 → New principal = ₹1,15,562
- This process continues and After 113 months (9.42 years), your amount becomes around ₹2 lakh.
If you want an accurate calculation, use the online KVP calculator.
How to Use Kisan Vikas Patra Calculator
KVP Calculator is a simple and user-friendly tool that helps you calculate maturity amount. Follow these steps:
- Visit Online Calculator: Go to Calculatorsfy and find KVP Calculator.
- Enter Investment Amount: For example, if you want to invest ₹50,000, enter that amount.
- Select Tenure (Time): Enter your investment period in months (e.g., 113 months).
- Press Calculate Button: That’s all you have to do, and see your maturity amount on the screen!
- Check Different Scenarios: Change the investment amount or tenure to see how the maturity value changes.
Benefits of KVP Calculator
- Know the returns: You will know in one click how much return you will get.
- Easy to compare: You can try different investment amounts and tenures to see which combination will benefit you more.
- Understand the effect of interest rate: Know how the interest rate of KVP affects your savings.
- Compare with other investments: You can compare with Fixed Deposit (FD) or Recurring Deposit (RD) to see whether KVP is better or not.
Benefits of Kisan Vikas Patra
KVP is a low-risk investment that can be quite beneficial for investors:
- Guaranteed Returns: Your money gets doubled, and it is secured with the backing of the Government of India.
- Flexible Investment: Just ₹1,000 is enough to start, and there is no maximum limit to invest in it. You can invest as much as you want.
- Long-Term Planning: This can be a perfect investment for long-term goals like retirement plan, children’s education, or buying a house.
- Easy Access: It is easily available in post office, so even people from villages can easily invest in it.
- Premature Withdrawal: If necessary, investors can withdraw their money even after 2.5 years, but for this you may have to pay a small penalty.
How to Invest in Kisan Vikas Patra
- First of all, go to your nearest post office or authorized bank.
- Take the KVP application form from there and fill it correctly.
- Submit documents, such as:
- Aadhaar card (required).
- PAN card (if investing more than ₹50,000).
- Income proof (if investing more than ₹10 lakh).
- Deposit money: By cash, cheque or demand draft.
- At the end, you will get a KVP certificate, which can be redeemed on maturity.
Final Thought
Kisan Vikas Patra (KVP) is a trusted, government scheme that doubles your money in a little more than 9 years. You can start your investment journey with just ₹1,000 and there is no limit on the amount you can invest in it. This scheme is for everyone, whether you are a farmer, a salary professional or a businessman.
Yes, its interest is taxable and the maturity period is a little long, but the security and guaranteed returns make KVP a good option for conservative investors.
Want to invest?
- You can estimate your returns accurately by using the KVP Calculator.
- You can easily invest in this scheme by going to your nearest post office.
Have any questions or thoughts? Please let us know by commenting below! Thank you
Along with Kisan Vikas Patra calculator, check other AIA Salary Calculator, SIP & Retirement Calculator from here.
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 Kisan Vikas Patra calculator better for more users.
Frequently Asked Questions
Kisan Vikas Patra (KVP) is a government-backed savings scheme of India Post, launched in 1988. Your investment in this scheme gets doubled in 9 years 5 months (113 months) as its annual interest rate is 7.5%. It is a safe option for long-term financial planning.
Any Indian resident can invest in it – individual, minor (through guardian), and Hindu Undivided Family (HUF). Trusts and NRIs cannot invest in it. Earlier this scheme was only for farmers, but now it is open to all.
The minimum investment is ₹1,000 and there is no maximum limit. But, if you invest more than ₹50,000, you will have to provide your PAN card. For investments of more than ₹10 lakh, you will need income proof (like ITR or salary slips).
You can use the KVP formula:
- A = P (1 + r/n) ^ (nt)
Where:
- A = Maturity amount
- P = Principal (what you invested)
- r = Interest rate (7.5%)
- n = Compounding frequency (1 time per year)
- t = Time (in a year)
If the calculations seem complex, you can use online tools like KVP Calculator for quick estimates.
- The interest received on KVP is taxable, which is applicable as per your income tax slab.
- There is no tax deduction under Section 80C.
