This Kisan Vikas Patra calculator tracks a certificate that doubles your money over a set number of months, now 115, equal to 7.5% a year compounded. Enter the amount; the doubling period is filled in. It returns the final value, how long until maturity, the implied annual rate and the gain.
KVP is a post office savings certificate backed by the central government. Despite the name, anyone eligible can buy it, not only farmers.
At a glance
- Rate7.5% a year, compounded
- Doubles in115 months
- Minimum₹1,000, in multiples of ₹100; no maximum
- ₹1 lakhBecomes ₹2 lakh at maturity
- Early encashmentAllowed after 2 years 6 months, at a lower value
- TaxInterest taxable; no deduction on the deposit
How the Kisan Vikas Patra calculator works
The government fixes KVP's doubling period for each quarter's sales, based on the rate it sets. The maturity value is always twice the deposit. The calculator converts the doubling period into a yearly rate: (2)^(12 ÷ months) − 1. With 115 months, that is 7.5% a year compounded.
₹1,00,000 becomes ₹2,00,000 after 9 years 7 months. ₹5,00,000 becomes ₹10,00,000 in the same time. If you bought KVP in a quarter with a different period, change the months box to see the rate your certificate earns.
KVP interest rate calculator: from months to rate
| Doubling period | Yearly rate (compounded) |
|---|---|
| 115 months | 7.5% |
| 120 months | 7.2% |
| 124 months | 6.9% |
As a sanity check, 72 divided by 7.5 gives 9.6 years, which is near 115 months. Every certificate keeps the doubling period that applied when it was bought.
Encashing KVP early
KVP can be cashed before maturity after 2 years and 6 months from purchase. The payout follows a table published by India Post, at a value lower than full compounding to that date would give. Earlier encashment is allowed only in special cases, such as the holder's death or a court order. KVP can also be pledged as security for a loan and transferred in some situations.
KVP vs NSC vs bank FD
| Option | Rate | Term | Tax benefit on deposit |
|---|---|---|---|
| KVP | 7.5% | 115 months | None |
| NSC | 7.7% | 5 years | Old regime small savings deduction |
| 5 year post office TD | 7.5% | 5 years | Old regime small savings deduction |
| Bank FD | Varies | Flexible | Only 5 year tax saver |
KVP suits money you will not touch for nearly a decade and where you value a guaranteed doubling. For shorter horizons, the NSC calculator or the FD calculator fit better. All post office options are compared on the post office calculator page.
Tax on KVP
The growth on a KVP is income for tax purposes. You can declare it every year as it accrues, or all at maturity; most people find yearly declaration smoother because it avoids a big jump in income in one year. No TDS is deducted on KVP. The deposit does not qualify for any deduction. After tax at a 20% slab, a 7.5% KVP gives roughly 6% a year.
Buy KVP with PAN and KYC at any post office or at authorised banks. Rules and the premature encashment table are on India Post's site.
Who buys KVP
KVP appeals to people who want a simple promise: put in a sum now, get exactly twice that back on a known date, with a government guarantee. Families use it to park money for a child's distant milestone, such as a wedding fund, and some rural savers prefer certificates they can hold, show and pledge when they need a loan. It suits less those who might need the money within a few years, since early encashment pays less, or those in high tax slabs, since the interest is fully taxable.
Frequently asked questions
In how many months does KVP double money?
115 months for certificates bought at the current rate of 7.5%.
What is the KVP interest rate?
7.5% a year, compounded. The doubling period is set from this rate each quarter.
What will ₹1 lakh in KVP become?
₹2 lakh at maturity, after 115 months at the current rate.
Can I withdraw KVP early?
After 2 years 6 months, at a value set by India Post's table. Earlier only in special cases.
Is KVP only for farmers?
No. Any eligible adult, joint holders or a guardian for a minor can buy it.
Does KVP interest attract tax?
It does, as part of your income. Buying KVP gives no deduction either.