Welcome to KVPCalculator.in
India’s Most Accurate Kisan Vikas Patra Calculator with 7.5% Interest Rate
Welcome to kvpcalculator.in, India’s most reliable KVP Calculator for calculating guaranteed returns on Kisan Vikas Patra investments. Updated with the latest 7.5% annual interest rate (Q3 2024), our tool helps you plan investments from ₹1,000 to ₹10 crores with precision.
Whether you’re saving for your child’s education, a dream home, or retirement, our calculator provides:
- Year-wise interest breakdowns
- Maturity amount projections
- Tax liability estimates
- Comparison with FDs, NSC, and PPF
This KVP Calculator uses rates from the National Savings Institute. Confirm final figures with India Post Official Website. We are not affiliated with the Government of India.
What is Kisan Vikas Patra (KVP)?
A Government-Backed Savings Scheme for Every Indian
Kisan Vikas Patra (KVP) is a fixed-return, small savings scheme introduced by the Ministry of Finance, offering guaranteed capital doubling with no market risks. It is available exclusively at India Post Offices and select public sector banks.
Latest KVP Features (July 2024)
- Interest Rate: 7.5% per annum, compounded annually.
- Tenure: 115 months (9 years 7 months) to double your investment.
- Minimum Investment: ₹1,000 (no upper limit).
- Premature Withdrawal: Allowed after 30 months with a penalty.
- Tax Status: Interest is taxable under “Income from Other Sources”.
- Transferability: Nominate family members or transfer certificates.
Source: National Savings Institute Circular No. 12/2024
What is a Kisan Vikas Patra Calculator?
A KVP Calculator is an online tool designed to compute:
- Maturity Amount: Total corpus after the lock-in period.
- Yearly Interest: Annual returns at 7.5% interest.
- Tax Liability: Tax payable on accrued interest.
Example: ₹5 Lakh Investment
- Investment: ₹5,00,000
- Tenure: 115 months
- Total Interest: ₹5,00,000
- Maturity Amount: ₹10,00,000
- Year 1 Interest: ₹37,500 (7.5% of ₹5 lakh)
Our calculator eliminates manual errors and provides instant results, making it indispensable for first-time and seasoned investors.
Benefits of Kisan Vikas Patra
- ✅ Guaranteed Doubling: Invest ₹X, get ₹2X in 115 months at 7.5%
- ✅ Zero Market Risks: Returns unaffected by stock market crashes
- ✅ Loan Facility: Use KVP certificates as collateral at banks
- ✅ Low Minimum Investment: Start with just ₹1,000
- ✅ Easy Accessibility: Available at 1.5 lakh+ India Post Offices
Premature withdrawal allowed after 30 months with 1% penalty
How KVP Works
- Visit India Post Office: Locate your nearest branch
- Submit Documents:
- Aadhaar Card
- PAN Card
- Passport-sized photos
- Fill KVP Application Form: Specify investment amount and nominee
- Make Payment: Via cash, cheque, or demand draft
- Receive Certificate: Issued immediately
Interest Crediting Process
- Compounding: Annual (interest reinvested yearly)
- Payout: Entire principal + interest paid at maturity
Current Investment Scenarios
| Principal | Tenure | Maturity Amount | Annual Interest (Year 1) |
|---|
| ₹1,00,000 | 115 months | ₹2,00,000 | ₹7,500 |
| ₹5,00,000 | 115 months | ₹10,00,000 | ₹37,500 |
| ₹10,00,000 | 115 months | ₹20,00,000 | ₹75,000 |
Eligibility Criteria for KVP
Who Can Invest?
- Resident Indians: Individuals or joint holders (up to 3 adults)
- Minors: Through parents/legal guardians
Who Cannot Invest?
- NRIs/PIOs: Only resident Indians eligible
- Foreign Entities: Prohibited
- HUFs/Trusts: Not allowed
Documents Required
- Identity Proof: Aadhaar, PAN, Voter ID
- Address Proof: Utility bill, Passport
- Photographs: 2 passport-sized
Secure Your Future with Guaranteed Doubling
With ₹10 lakh becoming ₹20 lakh in less than 10 years, KVP is India’s safest investment for risk-averse individuals. Bookmark kvpcalculator.in to:
- Instantly compute returns
- Download free KVP application forms
- Compare KVP with other schemes
Disclaimer
This KVP Calculator uses rates from the National Savings Institute. Confirm final figures with India Post Official Website. We are not affiliated with the Government of India.