Kisan Vikas Patra (KVP) Calculator 2026

Calculate post office 7.5% p.a. investment growth and exact tenure to double your principal capital

One-Time Investment Amount

₹

₹1,000₹50.00 L

Interest Rate (7.5% Compounded Annually)

1%30%

Rate is fixed by the scheme. Update if it changes.

Time Period

Yrs

9.58 Yr9.58 Yrs

Tenure is fixed at 9.58 years by the scheme.

Your money becomes

1.9×

of what you put in over 9.58 years.

Final value₹1.92 L

Invested vs Interest

Total invested

₹1.00 L

Interest earned

₹91,724

Interest is 47.8% of final value

Year-by-year breakdown

Year	Total contributed	Interest earned	Value
1	₹1.00 L	₹7,500	₹1.07 L
2	₹1.00 L	₹8,063	₹1.16 L
3	₹1.00 L	₹8,667	₹1.24 L
4	₹1.00 L	₹9,317	₹1.34 L
5	₹1.00 L	₹10,016	₹1.44 L
6	₹1.00 L	₹10,767	₹1.54 L
7	₹1.00 L	₹11,575	₹1.66 L
8	₹1.00 L	₹12,443	₹1.78 L
9	₹1.00 L	₹13,376	₹1.92 L

Growth over time

The gap between the two lines is the interest earned — and it widens every year.

The formula, with your numbers

Standard Formula

A = P x (1 + r/n)^(n x t)

Live Calculation (Plugging Your Values)

One-Time Investment Amount (P):₹1.00 L

Interest rate (r):7.5%

Time (t):9.58 years

Compounded (n):yearly (once a year)

Total you will have invested (Invested):₹1.00 L

Interest earned (Interest):₹91,724

Substituted Equation:

₹1.00 L grows at 7.5% for 9.58 years = ₹1.92 L

Maturity value:₹1.92 L

One deposit compounds for the whole term. Each compounding period adds interest on the interest already credited, which is why the final figure is more than simple interest would give.

References

Power of Compounding FAQs

What is the current KVP interest rate?

Kisan Vikas Patra currently pays 7.5% per annum, compounded annually. The Ministry of Finance revises the rate quarterly, and the rate at purchase is locked until maturity.

Is KVP a good investment compared to PPF or NSC?

KVP has no tax benefit at all — no Section 80C deduction and fully taxable interest — so at the 30% slab it nets about 5.25%. PPF is tax-free and NSC gives an 80C deduction. KVP's advantage is that it has no investment ceiling and can be pledged as loan collateral.

What is Kisan Vikas Patra (KVP) and how long does it take to double money?

KVP is a government-backed small savings scheme offered by India Post. At the current 7.5% annual interest rate, KVP doubles your invested capital in exactly 115 months (9 years and 7 months).

Is KVP interest tax-free?

No. Unlike PPF or SSY, interest earned on KVP is fully taxable at your income tax slab rate under Income from Other Sources.

Can I encash KVP before it matures?

Yes, but only after 2 years and 6 months from the date of purchase, which is the lock-in. Encash at that point and you receive a prescribed amount that works out to a lower effective return than the full 7.5%, and the rate improves the longer you hold. Earlier encashment is allowed only on the holder's death, on a court order, or on forfeiture by a pledgee who is a Gazetted officer. There is no partial encashment.

Who should actually buy KVP given it has no tax benefit?

It suits someone who wants a sovereign-backed, capital-protected certificate with no investment ceiling and does not need a deduction — typically a person already using the full Rs 1.5 lakh of 80C elsewhere, or anyone on the New Regime where 80C does not exist at all. It is also useful as loan collateral. If you are in the 30% slab and have PPF or SSY room left, those beat KVP after tax on every count.

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