KVP Calculator
Enter your KVP deposit to see when it doubles — and what it grows to over any period.
Runs entirely in your browser — your numbers never leave this page.
How it works
The Kisan Vikas Patra (KVP) is the post office's doubling scheme: 7.5% p.a. compounded annually, with your money doubling in about 115 months:
Doubling time = ln(2) ÷ ln(1 + r)
- No tax benefits: unlike PPF/NSC/SSY, KVP gives no 80C deduction, and the interest is fully taxable. It is a distant fourth among small-savings schemes for taxpayers.
- Who is it for? People who have exhausted their Rs 1.5L 80C limit and want a guaranteed doubling instrument — or those who simply like the "money doubles" framing.
- Lock-in: 30 months minimum (except on death). After that, encashable anytime.
- No maximum: deposit any amount above Rs 1,000.
- At 7.5%, Rs 1 lakh → Rs 2 lakh in ~9.6 years; Rs 5 lakh → Rs 10 lakh in the same period.
Frequently asked questions
How long does KVP take to double money?
About 115 months (~9.6 years) at the current 7.5% rate. Doubling time = 72 ÷ rate is a close estimate (72 ÷ 7.5 = 9.6).
What is the current KVP interest rate?
7.5% per annum compounded annually (since January 2024).
Is KVP tax-free?
No — KVP has no 80C benefit and its interest is fully taxable at your slab rate. Among small-savings schemes it has the weakest tax treatment.
KVP vs FD?
Similar rates, but FDs offer flexible tenures and easy premature withdrawal. KVP's edge is only the psychological "doubling" framing and no maximum limit.
Can I withdraw KVP early?
Not for the first 30 months (except on the holder's death). After 30 months, encashment is allowed.
Is there a maximum KVP deposit?
No maximum — deposit any amount from Rs 1,000 upward.
KVP vs NSC?
NSC (7.7%, 5 years) beats KVP on rate, tenure flexibility, and 80C benefits. KVP only makes sense after exhausting better options.
Who should buy KVP?
Conservative investors who have used up their 80C limit and want guaranteed doubling with zero market risk — a niche, but a real one.
Is KVP interest paid yearly?
No — it compounds silently and pays out at encashment/maturity. You owe tax on the accrued interest each year (no TDS deducted; declare it yourself).
Can minors buy KVP?
Yes, through a guardian. Joint holdings are also allowed.