Kisan Vikas Patra (KVP) Calculator
When your Kisan Vikas Patra doubles, and its value if encashed early.
If you encash it early
Value year by year
For returning the interest as it accrues. There is no official yearly table for KVP, so the gain is spread at the certificate’s own yearly return; the last line is the doubled amount.
How this was calculated
Results are estimates for general information and planning, not financial advice. Banks and institutions may calculate differently (rounding, fees, rate changes). Confirm figures with your lender or a qualified adviser before deciding.
About the Kisan Vikas Patra (KVP) Calculator
A Kisan Vikas Patra (KVP) is a post office certificate that doubles your money. Instead of paying interest along the way, it pays back twice the amount after a term set by the interest rate on the day you buy it — 115 months (9 years 7 months) at the current 7.5%. Despite the name, it is not limited to farmers: an adult can buy one alone or jointly with up to two others, or for a minor.
Enter the purchase date and amount to see the maturity date and value, the yearly return the doubling works out to, and what the certificate pays if you encash it any time after 2½ years. The term for every purchase date since KVP was relaunched in 2014 comes from the National Savings Institute’s table, so this works for certificates you already hold as well as new ones.
How to use it
- Enter the purchase date on your certificate, or today’s date for a new one. The rate and term for that date are looked up for you.
- Enter the amount — ₹1,000 or more, in multiples of ₹100.
- Optionally enter a date on which you might encash it, to see the amount you would get.
- Read the maturity date, the early-encashment table and the year-by-year values, then copy the summary or download the CSV.
Examples
₹2,00,000 on 3 May 2036 (115 months) · 7.50% a year · earliest encashment 3 April 2029 for ₹1,17,100
₹1,37,000 — the value for “5 years but less than 5½ years”
₹1,00,000 on 15 September 2030 (124 months) · after 2½ years ₹57,700, from the scheme’s own table
How KVP works
From the Kisan Vikas Patra Scheme, 2019:
- Deposit (para 4): at least ₹1,000, then multiples of ₹100. No upper limit; you can buy any number of certificates. KVP can be held singly or jointly by up to three adults, and bought for a minor.
- Maturity (para 5): the deposit doubles on maturity. The term is fixed by the rate on the day you open the account and does not change later.
- Early encashment (para 6): at any time only on the death of a holder, forfeiture by a pledgee who is a gazetted officer, or a court order — then you get the deposit plus Post Office Savings Account interest for complete months. After 2½ years from the date of purchase the scheme’s table applies, which the National Savings Institute sums up as “can be prematurely encashed after 2½ years at prescribed rates”.
- Transfer and pledge (paras 7–8): a KVP can be pledged as security for a loan and transferred in the cases the scheme lists.
- After maturity: a matured certificate that is not encashed earns only the Post Office Savings Account rate until you close it (General Rules 2018, rule 9(6)).
Doubling periods by purchase date
From the NSI table “Interest Rate After Re-Launch”:
- 1 April 2023 onwards: 7.5%, 115 months.
- January–March 2023: 7.2%, 120 months. October–December 2022: 7.0%, 123 months.
- 1 April 2020 – 30 September 2022: 6.9%, 124 months. July 2019 – March 2020: 7.6%, 113 months.
- October 2018 – June 2019: 7.7%, 112 months. January–September 2018: 7.3%, 118 months. July–December 2017: 7.5%, 115 months. April–June 2017: 7.6%, 113 months. October 2016 – March 2017: 7.7%, 112 months. April–September 2016: 7.8%, 110 months.
- 23 September 2014 – 31 March 2016: 8.7%, 100 months.
The terms are set by the government and rounded to whole months, so the exact yearly return (2^(12 ÷ months) − 1) is a little above or below the headline rate: 7.50% for 115 months, 6.94% for 124.
Early encashment values
The scheme prints the value of a ₹1,000 certificate for every half-year from 2½ years. Both tables in the published scheme — for 7.6% (bought 12 December 2019 – 31 March 2020) and 6.9% (bought from 1 April 2020) — are exactly ₹1,000 × (1 + rate − 1%) raised to the years held, counting completed half-years, rounded to the rupee. This calculator uses that method for every rate; for 6.9% and 7.6% it gives the printed values.
The tables for later rates are in amendments that the National Savings Institute does not reproduce, so for those certificates the figure is calculated with the same method. Certificates bought before 12 December 2019 fall under the KVP Rules, 2014, which set their own tables; for those the calculator shows the maturity but not early values.
Tax
KVP has no tax benefit: it is not in Schedule XV of the Income-tax Act, 2025, so the purchase gives no section 123 deduction, and the gain is taxable interest. You can return it year by year as it accrues or all at once when you encash the certificate, as long as you follow the same method every year (section 276(1)). There is no official yearly accrual table for KVP; the year-by-year table here spreads the gain at the certificate’s own yearly return, with the tax year of each year’s end.
Limitations
- Covers certificates bought from the relaunch on 23 September 2014. The older KVP (1988–2011) has all matured; its doubling periods are listed for reference.
- For a purchase date after the last quarter in the table, the calculator uses the latest term (115 months) and says so — check the term for that quarter.
- Early-encashment values for rates other than 6.9% and 7.6% are calculated with the method of the published tables — confirm the amount with your post office before you rely on it.
- The year-by-year values are one consistent way to spread the interest for tax; they are not issued by the post office.
Privacy
Everything happens in your browser. What you enter or open here is not uploaded or stored by MySmartCoPilot.
Frequently asked questions
In how many months does KVP double now?
115 months — 9 years and 7 months — for certificates bought from 1 April 2023 at 7.5%. The government reviews the rate every quarter, so check the term on the day you buy.
Can I withdraw KVP before maturity?
After 2½ years from the date of purchase you can encash it at the value set for the time held — ₹1,171 for every ₹1,000 just after 2½ years at today’s 7.5%, by the scheme’s method. Earlier than that, only on the death of a holder, a court order or forfeiture by a pledgee.
Is KVP interest taxable?
Yes. The doubling is interest and is taxable at your slab, either year by year or when you encash. KVP does not qualify for the section 123 deduction.
What is the maximum amount I can invest in KVP?
There is no maximum (scheme para 4(2)), and you can hold any number of certificates. The minimum is ₹1,000, then multiples of ₹100.
Does the doubling period change if rates change later?
No. The term is fixed by the rate on the day you buy the certificate (scheme para 5(2)). A rate change affects only certificates bought after it.