Kisan Vikas Patra (KVP) Calculator
Kisan Vikas Patra has one simple promise: it doubles your money. At the current 7.5% rate that takes about 115 months. Enter an amount to see the maturity value and timeline.
Minimum ₹1,000
Current rate: 7.5%
Invested
₹1,00,000
Maturity value
₹2,00,000
your money doubles
Time to double
9 years 8 months
At 7.5% compounded annually, ₹1,00,000 becomes ₹2,00,000 in 9 years 8 months. KVP has no upper investment limit and no tax deduction.
Small-savings rates are reviewed by the Ministry of Finance every quarter. The rate is fixed for the whole tenure once you invest, so check the current rate before opening an account.
Frequently Asked Questions
How long does KVP take to double the money?
About 115 months — nine years and seven months — at the current 7.5% rate. The doubling period is announced with each rate revision and is fixed for your certificate once you buy it.
Is there a maximum investment in KVP?
No upper limit. The minimum is ₹1,000 and further investments must be in multiples of ₹100. Deposits above ₹50,000 require PAN, and above ₹10 lakh require income proof.
Does KVP save tax?
No. Unlike NSC or PPF, KVP investments do not qualify for any deduction, and the interest is fully taxable at your slab rate. Its appeal is the guarantee and the absence of an investment ceiling.
Can I encash KVP early?
Yes, after a lock-in of two years and six months. Premature encashment before then is allowed only on the death of the holder or by court order.