Kisan Vikas Patra (KVP) — Doubles Money in 115 Months
KVP doubles your investment in 115 months (9 years 7 months) at 7.5% annual interest. Minimum ₹1,000 investment at any post office. No max limit. Premature withdrawal after 30 months.
Official Links
What is Kisan Vikas Patra (KVP)?
Kisan Vikas Patra (KVP) is a Government of India savings instrument available at Post Offices and authorized banks that doubles your investment in a fixed period. Currently (2024–25), it doubles in 115 months (9 years 7 months) at an annual compounding rate of 7.5% per annum.
Despite the name ("Kisan" = farmer), KVP is available to all Indian citizens — not just farmers.
Key Features
| Feature | Details |
|---|---|
| Current interest rate | 7.5% per annum (compounded annually) |
| Doubling period | 115 months (9 years 7 months) |
| Minimum investment | ₹1,000 (and multiples of ₹1,000) |
| Maximum investment | No upper limit |
| Premature closure | Allowed after 30 months (2.5 years) |
| Transferability | Can be transferred to another person |
| Nominee | Nomination facility available |
Who Can Buy KVP?
- Any Indian citizen — individuals only (no institutions)
- Minimum age: No minimum; minor accounts allowed (operated by guardian)
- Joint accounts: Up to 3 adults can hold jointly (Joint A or Joint B)
- NRIs cannot buy KVP
How to Buy KVP
At Post Office
- Visit any Head Post Office or Sub Post Office
- Fill the KVP application form (Form A)
- Submit with:
- Aadhaar + PAN (mandatory for amounts above ₹50,000)
- Payment (cash, cheque, demand draft, or online)
- You receive a KVP certificate with denomination printed on it
- Keep the certificate safe — it's needed at maturity
Online (India Post Payments Bank)
- Log in to ippbonline.com (IPPB app)
- If you have an IPPB savings account linked to Post Office savings
- Open a KVP through the app (available for select account types)
Through Authorized Banks
Some commercial banks (SBI, other scheduled banks) also issue KVP certificates.
KVP Certificate Denominations
KVP certificates are issued in denominations:
- ₹1,000
- ₹5,000
- ₹10,000
- ₹50,000
- Multiples thereof
Example: Invest ₹10,000 → get ₹10,000 certificate → after 115 months, receive ₹20,000.
Tax Treatment
- Investment: NOT eligible for 80C tax deduction (unlike PPF/NSC)
- Interest earned: Taxable as per your income slab
- TDS: No TDS deducted at post office — but interest is taxable and must be declared in ITR
Premature Withdrawal Rules
KVP can be encashed after 30 months (2.5 years) at lower interest rates:
| When Encashed | Interest Rate |
|---|---|
| Before 30 months | Not allowed (except death/court order) |
| At 30 months | 6.9% effective |
| At 36 months | 7.0% effective |
| At maturity (115 months) | 7.5% — full double |
KVP vs Other Post Office Savings Instruments
| Instrument | Rate | Tax Benefit | Liquidity |
|---|---|---|---|
| KVP | 7.5% | No 80C | After 2.5 years |
| NSC | 7.7% | 80C (up to ₹1.5L) | 5 years, no premature |
| PPF | 7.1% | 80C + tax-free interest | 15 years (partial at 5 years) |
| SCSS | 8.2% | 80C | 5 years |
| Time Deposit | 6.9–7.5% | 80C (5yr only) | Premature at penalty |
Frequently Asked Questions
Is KVP safe? Can I lose money?
KVP is a Government of India guaranteed instrument — it is completely safe. There is no market risk. Your money will double at the promised rate.
I want to invest ₹3,00,000. What's the KVP limit?
There is no maximum limit for KVP investment. You can invest ₹3 lakh and at maturity (115 months), receive ₹6 lakh.
Can I take a loan against my KVP certificate?
Yes — banks accept KVP certificates as collateral for loans. You can borrow against your KVP without encashing it.
The KVP interest rate has changed. Will my existing KVP be affected?
No — the interest rate is fixed at the time of purchase for the full term. Rate changes only affect new KVP purchases.
I lost my KVP certificate. How do I claim maturity?
Apply for a duplicate certificate at the post office where it was issued. You'll need to submit a declaration form and may need a police complaint for lost certificates.
Official Links
- India Post: indiapost.gov.in
- IPPB (online purchase): ippbonline.com
- Nearest post office: indiapost.gov.in/offices
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