KVP Calculator
Kisan Vikas Patra doubles your money in 115 months at the notified rate.
- Principal
- Value
- Principal
- ₹1.00L
- Interest earned
- ₹99.99K
Assumes a constant 7.5% annual rate, compounded annual.
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Independent · No commissions · No fund-house data — how the numbers are computed
How it works
Kisan Vikas Patra is a post office scheme with one promise: it doubles your money over a fixed period. For the July to September 2026 quarter the rate is 7.5% a year compounded annually, and the notified maturity period is 115 months — nine years and seven months.
Those two figures are consistent by design: 1.075 to the power of 115 over 12 comes to 2.0007. But the maturity period is a notified integer month count published by India Post, not something computed from the rate, so it is the notified figure that governs and the arithmetic above is a check on it rather than a derivation.
There is no tax benefit. KVP earns no deduction on investment and its interest is fully taxable at your slab rate. The post office deducts no TDS, which is not the same thing as the interest being tax-free — a distinction that catches people out.
Maturity value = principal x (1 + 7.5%)^(115/12), which comes to twice the principal at the notified rate and period.Small savings rates are revised every quarter by the Ministry of Finance. The KVP rate has been unchanged since 1 April 2023, and the July-September 2026 notification of 30 June 2026 left it alone for a ninth consecutive quarter.
Frequently asked questions
How long does KVP take to double my money?
115 months — nine years and seven months — at the rate notified for the July to September 2026 quarter. The period is fixed by notification and changes only when the rate does: at a higher rate the doubling period shortens and at a lower one it lengthens, and India Post publishes the new figure alongside each quarterly rate revision.
Is KVP interest tax-free?
No. The interest is fully taxable at your slab rate, and there is no deduction for the amount invested either — unlike PPF or NSC, KVP has no section 80C benefit at all. The post office does not deduct TDS on it, which leads some people to assume it is exempt, but you are still liable to declare and pay tax on the interest.
Can I withdraw before maturity?
Not in the first two years and six months, except on the death of a holder, forfeiture by a pledgee who is a gazetted officer, or a court order. After that lock-in, premature encashment is allowed and the payout follows a notified table of values by completed months, which is lower than simple accrual at the headline rate would suggest. Ask the post office for the figure rather than estimating it.
Is there a maximum I can invest?
No upper limit. The minimum is ₹1,000 and thereafter in multiples of ₹100. Certificates are transferable and can be pledged as security for a loan. That absence of a ceiling is one of the few things KVP has over PPF, which caps contributions at ₹1.5 lakh a year but is tax-free at every stage.