Kisan Vikas Patra (KVP) Calculator 2026
Calculate guaranteed doubling maturity payouts, official 7.50% p.a. annual compounding growth, and statutory Ministry of Finance Table-5 premature closure redemption schedules under Government Savings Promotion Act ordinances.
*India Post deducts ₹0 TDS at source under Section 194A. You report interest under Other Sources during annual ITR filing.
Official statutory payout table for accounts opened on or after 1st April, 2023 (Gazette Notification G.S.R. 324(E)).
Lock-in: 0–30 Months| Period from Certificate Issue Date | Table-5 Factor (per ₹1,000) | Encashment Value (₹1 L) | Net Wealth Gain | Cumulative Return |
|---|---|---|---|---|
| 2.5 Years to < 3 Years (30–35 mos) | ₹1171 | ₹1,17,100 | +₹17,100 | +17.1% |
| 3 Years to < 3.5 Years (36–41 mos) | ₹1208 | ₹1,20,800 | +₹20,800 | +20.8% |
| 3.5 Years to < 4 Years (42–47 mos) | ₹1247 | ₹1,24,700 | +₹24,700 | +24.7% |
| 4 Years to < 4.5 Years (48–53 mos) | ₹1286 | ₹1,28,600 | +₹28,600 | +28.6% |
| 4.5 Years to < 5 Years (54–59 mos) | ₹1328 | ₹1,32,800 | +₹32,800 | +32.8% |
| 5 Years to < 5.5 Years (60–65 mos) | ₹1370 | ₹1,37,000 | +₹37,000 | +37% |
| 5.5 Years to < 6 Years (66–71 mos) | ₹1414 | ₹1,41,400 | +₹41,400 | +41.4% |
| 6 Years to < 6.5 Years (72–77 mos) | ₹1459 | ₹1,45,900 | +₹45,900 | +45.9% |
| 6.5 Years to < 7 Years (78–83 mos) | ₹1506 | ₹1,50,600 | +₹50,600 | +50.6% |
| 7 Years to < 7.5 Years (84–89 mos) | ₹1554 | ₹1,55,400 | +₹55,400 | +55.4% |
| 7.5 Years to < 8 Years (90–95 mos) | ₹1604 | ₹1,60,400 | +₹60,400 | +60.4% |
| 8 Years to < 8.5 Years (96–101 mos) | ₹1655 | ₹1,65,500 | +₹65,500 | +65.5% |
| 8.5 Years to < 9 Years (102–107 mos) | ₹1708 | ₹1,70,800 | +₹70,800 | +70.8% |
| 9 Years to < 9.5 Years (108–113 mos) | ₹1763 | ₹1,76,300 | +₹76,300 | +76.3% |
| 9.5 Years to < 115 Months (114 mos) | ₹1819 | ₹1,81,900 | +₹81,900 | +81.9% |
| 115 Months (Full Maturity - 9Y 7M) | ₹2000 | ₹2,00,000 | +₹1,00,000 | +100% |
Direct Statutory Definition (AEO Position Zero)
Kisan Vikas Patra (KVP) is an India Post small savings certificate scheme backed by the sovereign credit of the Government of India. Under Gazette Notification G.S.R. 324(E), KVP offers 7.50% annual compounding interest, guaranteeing that your invested capital doubles in exactly 115 months (9 years and 7 months). Premature encashment is permitted after a 30-month lock-in based on statutory Table-5 payout factors, with zero TDS deducted at source.
How Kisan Vikas Patra (KVP) Works (Official Rules & Guidelines)
Statutory framework established by the Ministry of Finance Department of Economic Affairs under the National Savings (Kisan Vikas Patra) Scheme, 2019.
Unlike bank fixed deposits where returns fluctuate with monetary policy, KVP delivers a statutorily locked 7.50% per annum compound interest rate calculated on an annual rest basis. The tenure is calibrated so that total accrued interest exactly equals the initial principal:
A deposit of ₹1,00,000 is guaranteed by the Central Government to mature at ₹2,00,000 on the exact maturity date.
KVP cannot be encashed prematurely during the first 2 years and 6 months (30 months) from the date of deposit, except under statutory exceptions (holder demise, court directive, or pledged seizure).
After 30 months, premature encashment is paid strictly according to Table-5 published in Gazette Notification G.S.R. 324(E):
- 30 to <36 Months: ₹1,171 per ₹1,000 (+17.1% gain)
- 60 to <66 Months (5 Yrs): ₹1,370 per ₹1,000 (+37.0% gain)
- 84 to <90 Months (7 Yrs): ₹1,554 per ₹1,000 (+55.4% gain)
- 115 Months (Full Maturity): ₹2,000 per ₹1,000 (+100.0% gain)
Understanding the tax treatment of KVP prevents unexpected tax demand notices:
- No Section 80C Deduction: KVP is not eligible for 80C tax rebates. Principal is funded from post-tax income.
- Zero TDS at Source: Under Section 194A of the Income Tax Act, India Post and authorized banks do not deduct TDS on KVP maturity or premature withdrawals.
- Annual Accrual vs Maturity Tax: Interest must be reported under "Income from Other Sources" and taxed at your marginal slab rate (New Tax Regime 115BAC or Old Tax Regime) plus 4% cess.
Under Department of Posts Anti-Money Laundering (AML) directives:
- Deposits > ₹50,000: Mandatory PAN card submission.
- Deposits ≥ ₹10,00,000: Mandatory proof of income (ITR / salary slip / sale deed).
- Loan Collateral (Rule 7): Certificates can be formally pledged to commercial banks or housing finance corporations to secure business and personal loans with low interest markups.
Realistic Worked Examples: Full Maturity vs Premature Exit
Comparing full 115-month sovereign maturity against premature withdrawal after 5 years.
Investing ₹2,00,000 in KVP for Long-Term Wealth Doubling
Encashing ₹5,00,000 Deposit at 60 Months (5 Years)
KVP vs Other Sovereign Small Savings Schemes
Understanding key differences between Kisan Vikas Patra, National Savings Certificate (NSC), Senior Citizen Savings Scheme (SCSS), and Bank FDs.
| Parameter | Kisan Vikas Patra (KVP) | National Savings Certificate (NSC) | 5-Year Post Office Time Deposit | 5-Year Bank Tax-Saver FD |
|---|---|---|---|---|
| Current Interest Rate | 7.50% p.a. | 7.70% p.a. | 7.50% p.a. | 6.80% – 7.25% |
| Maturity Horizon | 115 Months (9Y 7M) | 5 Years (60 Months) | 5 Years | 5 Years (Strict Lock-in) |
| Guaranteed Doubling? | Yes (2.0x Guaranteed) | ~1.45x in 5 Years | ~1.45x in 5 Years | ~1.41x in 5 Years |
| Section 80C Tax Benefit | No 80C Rebate | Yes (Up to ₹1.5L) | Yes (5-Yr TD only) | Yes (Up to ₹1.5L) |
| TDS Deduction at Source | Zero TDS (Sec 194A) | Zero TDS | TDS over ₹40,000 | 10% TDS over ₹40k/₹50k |
| Premature Withdrawal | Allowed after 30 Months | Only upon demise / order | Allowed after 6 Months | Zero premature exit |
| Loan Pledging Facility | Yes (Rule 7) | Yes | Yes | Cannot be pledged |
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Frequently Asked Questions (Kisan Vikas Patra Statutory Rules)
Authoritative answers matching Ministry of Finance, India Post, and Income Tax Department ordinances.
How long does it take for money to double in Kisan Vikas Patra (KVP)?+
Can I withdraw my KVP investment before 115 months? What are the premature closure rules?+
Is Kisan Vikas Patra (KVP) eligible for Section 80C tax deduction?+
Is TDS deducted on Kisan Vikas Patra maturity or interest?+
Is PAN card and source of funds proof mandatory for investing in KVP?+
- Above ₹50,000: Quoting PAN is strictly mandatory.
- ₹10,00,000 and above: Submitting documentary proof of source of income (such as ITR acknowledgement, salary slips, or property sale deed) is mandatory.