Kisan Vikas Patra (KVP) calculator
Written and reviewed by Omm · Last reviewed · General information, not investment advice
Kisan Vikas Patra (KVP) doubles your money over a fixed period. At the current rate of 7.5% the period is 115 months. Enter the amount to see the maturity value and date.
Between 1000 and 10000000
Total deposited
₹1,00,000
Doubles in
115 months
Maturity value
₹2,00,000
Rate used
- Period
- October–December 2026 (Q3 FY 2026-27)
- Notice
- F. No. 1/4/2019-NS, 30.09.2026
- Checked
- 12.10.2026
Sources: Office memorandum F. No. 1/4/2019-NS dated 30.09.2026 (republished by TaxGuru) · Indian Bank: interest rates for small savings schemes · Department of Economic Affairs, Budget Division
How the money is calculated
- The amount doubles in the number of months stated in the rate notice: 115 months at 7.5% a year, compounded yearly.
- The term and rate are fixed when you buy the certificate.
Maturity value = amount × 2, after 115 months (2^(12/115) − 1 ≈ 7.5% a year)
A worked example you can check
₹1,00,000 in KVP becomes ₹2,00,000 after 115 months.
Rules at a glance
- Investment
- ₹1,000 or more, in multiples of ₹100; no upper limit
- Term
- 115 months (9 years 7 months)
- Interest
- 7.5% a year, compounded yearly
Tax
There is no deduction for KVP, and the interest is taxable. Tax rules are those of the Income-tax Act, 2025, in force from 1 April 2026; check your own position before relying on them.
Frequently asked questions
In how many months does KVP double?
115 months for certificates bought in October–December 2026 (Q3 FY 2026-27), at 7.5% a year.
Is KVP interest taxable?
Yes. KVP gives no tax deduction, and the interest is taxable.
Can KVP be encashed before maturity?
Yes, but only after 2 years and 6 months from the date of purchase, according to India Post. Early encashment pays less than double. Rules can change, so confirm at your post office or bank before acting.
How much will ₹1 lakh in KVP become?
It doubles. ₹1,00,000 becomes ₹2,00,000 after 115 months (9 years 7 months) for certificates bought at the current 7.5%.
Sources
Rules, rates and definitions on this page come from these official sources. Check the current position there before you decide.
- Ministry of Finance, Department of Economic Affairs · Quarterly notice of small savings interest rates
- India Post · Scheme rules and how to open an account
- National Savings Institute · Small savings scheme rules
- Income Tax Department · Tax on interest and gains, and deductions