How this calculator works
KVP (Kisan Vikas Patra) is a government-backed savings certificate that works on a simple promise: your money doubles by maturity. At the current notified rate of 7.5% per annum, that doubling period works out to 115 months — 9 years and 7 months.
So the maturity value is simply: Maturity value = Investment amount × 2, paid out at the end of 115 months from the date of investment.
Interest earned is the difference between the maturity value and what you put in: Interest = Maturity value − Investment amount, which by definition works out to exactly the same as your original investment.
Worked example
| Investment | Rate | Doubling period | Maturity Value |
|---|---|---|---|
| ₹1,00,000 | 7.5% p.a. | 115 months (9y 7m) | ₹2,00,000 |
The doubling period is set by the currently notified KVP interest rate, which the government reviews quarterly along with other small savings schemes. If the rate changes for future investments, the doubling period for new certificates changes too — but certificates you've already purchased keep the terms they were issued under.
KVP interest is taxable at your slab rate every year it accrues, even though it's paid out only at maturity. Shunya's CA team can help you plan and file around it.
Book a Free Consultation →How long does it take for KVP to double?
115 months, or 9 years 7 months, at the current 7.5% rate.
Is the doubling period fixed?
It's set by the current government-notified rate — if the rate changes in the future, the doubling period for new investments changes too, though existing certificates keep their original terms.
Is KVP interest taxable?
Yes, added to your income and taxed at your slab rate — KVP doesn't offer Section 80C deduction, unlike NSC or PPF.
What's the minimum KVP investment?
₹1,000, no maximum limit.
This tool is for quick estimation only and is not a substitute for professional financial or tax advice. For your specific situation, consult a practicing CA.
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