Trustner
All Guides & Calculators
Bank & Small Savings

Kisan Vikas Patra (KVP)

Doubles your money in a fixed number of months — simple and guaranteed.

7.5% p.a. — doubles in 115 monthsNo 80C; interest taxable

What is KVP?

Kisan Vikas Patra is a post-office certificate with one simple promise: your money doubles in a fixed number of months. At the current 7.5% rate that's 115 months (9 years 7 months). There's no upper limit and the capital is government-backed, but — unlike NSC or PPF — it offers no tax deduction and the interest is taxable, so it's best seen as a safe, no-frills doubling instrument rather than a tax-saver.

Interest rate
7.5% p.a. (compounded yearly)
Doubles in
115 months (9 years 7 months)
Investment
₹1,000 minimum · no maximum (PAN for ₹50k+)
Tax
No 80C deduction; interest fully taxable
Liquidity
Premature encashment allowed after 2.5 years

Calculate

₹
₹1,000₹10,00,00,000
% p.a.
1 % p.a.15 % p.a.

Government-set rate · Q2 FY2026-27 (Jul–Sep 2026). Reviewed each quarter.

Your money doubles to
₹2.00 L
in 115 months (around Mar 2036)
You invest
₹1.00 L
You gain
₹1.00 L

Indicative only. Uses a level rate you can see above; a bank/post office may differ by a few rupees due to day-count, minimum-balance and compounding conventions. Rate as of Q2 FY2026-27 (Jul–Sep 2026), reviewed quarterly.

Rate verified (Q2 FY2026-27 (Jul–Sep 2026)) from Finance Ministry / National Savings Institute — small-savings rates, Jul–Sep 2026

KVP — The Complete Guide

13 questions answered — everything from eligibility and HUF/NRI rules to tax, withdrawals and edge cases.

The basics

What is Kisan Vikas Patra?
KVP is a post-office savings certificate with one simple promise: your money doubles in a fixed number of months. Despite the name ("Kisan" = farmer), it's open to everyone, not just farmers. It's a no-frills, capital-safe, government-backed way to grow a lump sum predictably.
How does the "doubling" work?
The government publishes a doubling period for each quarter's rate. At the current 7.5%, an investment doubles in 115 months (9 years 7 months). Buy a ₹1 lakh certificate today and it becomes ₹2 lakh after 115 months, guaranteed — the rate on a certificate is locked at purchase.
Is the rate/doubling period fixed once I buy?
Yes. The rate and the corresponding doubling period are locked for your certificate at the time of purchase. If the government later changes the rate, only new certificates are affected — yours keeps its original terms.

Who can buy & how

Who can invest in KVP?
Any resident adult individual, singly or jointly. It can also be bought on behalf of a minor, or by a minor above 10 in their own name. HUFs and NRIs cannot invest in KVP.
Where do I buy it, and what are the limits?
From any post office and several public-sector banks. Minimum ₹1,000, in multiples of ₹100, with NO maximum limit. It's available in denominations you can buy multiple certificates of.
Is PAN or documentation required?
For investments of ₹50,000 and above, PAN is mandatory. For ₹10 lakh and above, income proof (like ITR, bank statement or salary slip) is required, in line with anti-money-laundering rules.

Tax treatment

Does KVP give any tax benefit?
No — this is its main drawback. KVP does NOT qualify for a Section 80C deduction, and the interest is fully taxable at your slab. There is no TDS, so you must declare the interest yourself (either yearly on accrual or in full at maturity).

Liquidity & transfer

Can I encash KVP early?
Yes — after a lock-in of 2 years 6 months (30 months), at pre-set encashment values published for each completed period. Before 30 months, premature encashment is allowed only on the holder's death or a court order.
Can I transfer or pledge a KVP?
Yes on both. A KVP can be transferred from one person to another under specified conditions, and it can be pledged as security to obtain a loan from banks/institutions.

How it compares

KVP vs NSC — which should I choose?
Both are safe post-office certificates. NSC has a shorter 5-year term AND an 80C tax deduction, so it's usually the better pick if you want a tax break. KVP has no tax benefit but no upper limit and a simple "doubling" structure — better when you've exhausted 80C and just want predictable, safe growth of a large sum.
Who should actually consider KVP?
Someone who wants a simple, capital-safe, government-backed certificate, doesn't need liquidity for years, has already used up their 80C limit, and prefers guaranteed doubling over market-linked options. For long-horizon goals, equity has historically outgrown KVP — but with volatility KVP doesn't have.

Good to know

Can I add a nominee?
Yes — nomination is allowed at the time of purchase or later, so the proceeds pass smoothly to your chosen beneficiary. For a minor's certificate, nomination rules differ slightly.
What happens on the holder's death?
The certificate is paid to the nominee or legal heir, who can either encash it or continue holding it to maturity. Premature-encashment restrictions are waived in the case of death.

Related tools & guides

NSC Compound interest calculator The Growth Ledger

Educational information only, not investment advice. Interest rates for government small-savings schemes are set by the Government of India and reviewed every quarter; bank FD/RD rates vary by bank and tenure. Figures are indicative — confirm the current rate and rules with the bank/post office before investing. Calculator results are for illustration purposes only. Actual returns may vary based on market conditions, fund performance, and other factors.

AMFI Registered Mutual Fund Distributor and SIF Distributor; APMI Registered PMS Distributor | ARN-286886

Sign Up NowTalk to Us