KVP Calculator
Kisan Vikas Patra · doubles in ~115 months
₹1,00,000
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Backed by Govt of India
KVP is a post-office small-savings scheme with sovereign guarantee — no market risk. Current 7.5% rate doubles money in about 115 months (9 yrs 7 mo). Interest accrues annually and is paid out only at maturity.
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KVP formula & rules
Maturity = Principal × (1 + r)n where r = annual rate (7.5% currently) and n = years. KVP uses annual compounding — simpler than bank FDs (which compound quarterly) but at a competitive sovereign-backed rate.
- ₹1 L invested at 7.5% for 10 yrs → matures at ₹2,06,103 (interest ₹1,06,103)
- ₹1 L at 7.5% doubles in exactly ~9.59 years (115 months) — verified by the formula ln(2)/ln(1.075)
- Eligibility: any resident Indian adult (18+); guardians can open for minors; no maximum investment limit; joint accounts allowed
- Min deposit: ₹1,000 · then multiples of ₹100 · no upper cap
Tax warning: KVP interest is fully taxable at your slab (accrues yearly even though paid at maturity). TDS applies on aggregate post-office interest (KVP + NSC + MIS + TD) over ₹40,000/yr — ₹50,000 for senior citizens. Unlike PPF/SSY, there is no 80C deduction on KVP investment.
How to invest (nominal process)
- Visit any India Post branch with Aadhaar + PAN (KYC) and 2 photos
- Fill KVP application form (Form A); choose single or joint holder
- Pay by cash, cheque, or demand draft (cheque clears before certificate issues)
- Receive KVP certificate (or e-certificate if you have a post-office savings account)
- Nomination is optional but recommended at opening (Form C)