KVP Calculator

See what your Kisan Vikas Patra will be worth at maturity.

Investment Amount

₹

1Cr

Rate of Interest (p.a)

15%

At the notified 7.5%, a certificate doubles in 115 months. Change the rate and the doubling period moves with it, because India Post sets the two together. Encashment is allowed after 2 years 6 months.

Amount Invested

₹2,00,000

Interest Earned

₹2,00,000

Time To Double

9 years 7 months

Implied Rate Check

7.5%

Maturity Value

₹4,00,000

Invested

Interest

What Is a KVP Calculator?

A KVP calculator shows how much your Kisan Vikas Patra investment will grow to at maturity, based on your deposit amount and the current government-notified interest rate. KVP is a simple, well-known scheme with one defining feature: your money doubles by the end of the maturity period.

Current KVP Details

Interest rate: 7.5% per annum, compounded annually, reviewed quarterly by the Finance Ministry.
Maturity period: 115 months, or 9 years and 7 months, at the current rate.
Minimum investment: ₹1,000, in multiples of ₹100, with no maximum limit.
Tax treatment: no Section 80C deduction on the investment, and the interest earned is taxable at your slab rate. No TDS is deducted by the post office.
Premature encashment: allowed after 2 years and 6 months from the date of purchase.

The Rate and the Period Are the Same Fact

The doubling period is not an independent input. India Post sets it so that the certificate doubles exactly at the notified rate:

ln(2) ÷ ln(1 + r) × 12 = months to double

At 7.5%, that gives 115.01 months, which is where the 115-month figure comes from. Change the rate in this calculator and the doubling period moves with it, because in reality the two are set together.

Worked Example

An investment of ₹2,00,000 in KVP at the current 7.5% per annum rate matures at ₹4,00,000 after 115 months, exactly double the investment.

If interest rates change in future quarters for new purchases, the doubling period adjusts up or down slightly, but existing certificates continue at the rate locked in when they were purchased.

KVP vs NSC vs PPF

Feature	KVP	NSC	PPF
Tenure	About 9 years 7 months	5 years	15 years
80C benefit	No	Yes	Yes
Interest taxable	Yes	Yes	No, fully tax-free
Premature exit	After 2.5 years	Limited exceptions	Partial, from year 7

Who KVP Actually Suits

Since KVP offers no tax deduction and the interest is fully taxable, it is not the most tax-efficient option for someone already maximising their Section 80C limit elsewhere. It suits investors who specifically want a simple, guaranteed doubling instrument, do not need the 80C deduction, and are comfortable with a roughly 9 to 10-year horizon with an exit option after 2.5 years.

Key Takeaways

KVP currently earns 7.5% per annum, compounded annually, doubling your investment in 115 months.
There is no Section 80C deduction on KVP, and the interest earned is fully taxable at your slab rate.
Minimum investment is ₹1,000 with no upper limit, making it accessible for both small and large investors.
Premature encashment is allowed after 2 years and 6 months, more flexible than some other long-tenure government schemes.

FAQs

Yes, by design. The interest rate and maturity period are set so that the investment doubles by the end of the tenure, currently 115 months at 7.5% per annum. This period changes if the government revises the rate for future purchases.