Principal Invested
₹ 50,000
Total Interest Earned
₹ 50,000
Tenure Applied
9.6 Years (115 Months)
Total Maturity Value
₹ 1,00,000
About the Kisan Vikas Patra (KVP) Calculator
Our free Kisan Vikas Patra (KVP) Calculator helps investors determine the maturity value and total interest earned on their lump-sum investments in the Kisan Vikas Patra small savings scheme backed by the Government of India.
How Kisan Vikas Patra Works
Kisan Vikas Patra is a secure, low-risk certificate scheme designed to double your invested principal over a fixed lock-in period determined by prevailing government interest rates:
- Investment Doubling: The core feature of KVP is that your deposited lump sum doubles at the end of the specified tenure based on the notified compounding interest rate.
- Compounding Formula: Maturity value is calculated annually using the compound interest formula:
$$A = P \times (1 + r)^t$$
How to Use the Calculator
Simply enter your investment parameters or adjust the range slider:
- Investment Amount: The lump-sum principal you wish to invest (minimum ₹1,000 with no upper limit).
- Interest Rate: The current annual percentage rate notified by the government.
- Lock-in / Tenure: Switch between Years or Months to adjust the investment duration.
Click the Calculate Returns button to instantly view your invested principal, total interest earned, applied tenure, and final maturity payout.
Frequently Asked Questions (FAQs)
Is KVP interest taxable in India?
Yes, interest earned on Kisan Vikas Patra certificates is taxable as per your applicable income tax slab. However, there is no Tax Deducted at Source (TDS) at the time of redemption.
Can I encash KVP before the maturity period?
KVP certificates have a lock-in period (typically 2.5 years from the date of issue), after which they can be encashed prematurely under specific conditions such as the death of the holder, court orders, or forfeiture by a gazetted officer.
Who is eligible to invest in Kisan Vikas Patra?
Any adult Indian citizen can invest on their own behalf or on behalf of a minor. Trusts, companies, or Hindu Undivided Families (HUFs) are not eligible to purchase KVP certificates.
