| Year | Opening Balance | Interest Earned | Closing Balance |
|---|
Kisan Vikas Patra (KVP) Calculator
The PlanMyReturns Kisan Vikas Patra Calculator helps you calculate the maturity amount and total interest earned on your KVP investment using the latest applicable interest rate and tenure.
It answers the most common question investors ask:
“If I invest ₹X in KVP today, how much will I get at maturity?”
This calculator shows:
- Final maturity value
- Total interest earned
- Exact year-wise growth
- Visual breakup of principal vs interest
What Is Kisan Vikas Patra (KVP)?
Kisan Vikas Patra (KVP) is a government-backed small savings scheme offered by the Indian Post Office. It is designed for investors who want capital protection with guaranteed growth.
When Was KVP Launched?
KVP was originally launched in 1988 and later reintroduced in 2014 with updated rules to promote long-term savings.
Who Should Consider KVP?
KVP is suitable for investors who:
- Prefer guaranteed returns
- Want low-risk investments
- Are comfortable with medium to long-term lock-in
- Do not need tax benefits under Section 80C
How KVP Works
- You invest a lump sum amount
- The investment grows at a fixed government-declared interest rate
- The amount doubles over a fixed tenure
- At maturity, you receive principal + interest
There is no market risk, and returns are predictable.
Current KVP Interest Rate and Tenure
As per current rules:
- Interest rate: ~7.5% per annum (compounded annually)
- Maturity period: ~9 years 6 months (115 months)
Your calculator correctly uses 9.6 years to reflect the current doubling cycle.
What This KVP Calculator Calculates
Using your inputs, the calculator shows:
- Investment amount
- Interest earned over the tenure
- Final maturity value
- Year-wise opening balance
- Year-wise interest earned
- Year-wise closing balance
All calculations are based on annual compounding, which matches official KVP growth tables.
KVP Calculation Formula
The maturity value is calculated using compound interest:
A = P × (1 + R / 100)ᵗ
Where:
- A = Maturity amount
- P = Investment amount
- R = Annual interest rate
- t = Time period in years
For partial years, the calculator applies fractional compounding, which improves accuracy.
KVP Example
Suppose you invest ₹1,00,000 in Kisan Vikas Patra at 7.5% interest.
- Investment amount: ₹1,00,000
- Tenure: 9.6 years
- Total interest earned: ~₹1,00,000
- Maturity amount: ~₹2,00,000
This is why KVP is commonly referred to as a money-doubling scheme.
The calculator shows the exact maturity value and year-wise growth, not just an estimate.
Year-Wise Growth Table
Most investors underestimate how interest compounds over time.
The year-wise schedule in this calculator helps you:
- Track annual growth
- Understand compounding impact
- Plan liquidity around maturity
This is especially useful if you plan to reinvest maturity proceeds.
Key Takeaways from KVP Investment
- KVP offers guaranteed returns
- No exposure to market volatility
- Ideal for conservative investors
- Money approximately doubles at maturity
- Backed by the Government of India
KVP vs Other Investment Options
KVP vs Fixed Deposit (FD)
| Feature | KVP | FD |
|---|---|---|
| Risk | Very low | Low |
| Returns | Fixed | Fixed |
| Lock-in | Long | Flexible |
| Premature withdrawal | Limited | Allowed |
KVP vs PPF
| Feature | KVP | PPF |
|---|---|---|
| Tenure | ~9.6 years | 15 years |
| Tax benefit | No | Yes |
| Risk | Very low | Very low |
| Liquidity | Medium | Low |
KVP vs Post Office Time Deposit
| Feature | KVP | PO TD |
|---|---|---|
| Doubling | Yes | No |
| Tenure | Fixed | Multiple options |
| Interest payout | At maturity | Periodic |
How to Use the PlanMyReturns KVP Calculator
- Enter investment amount
- Enter interest rate (default set as per current KVP rate)
- Enter time period (default 9.6 years)
- Click Calculate
You can:
- View maturity instantly
- Download year-wise CSV
- Share your plan via link or image
Who Should Use This KVP Calculator
- Conservative investors
- Post office savings planners
- Parents saving for future goals
- Investors comparing KVP vs FD or PPF
Why PlanMyReturns KVP Calculator Is Better
- Uses current KVP tenure logic
- Handles fractional years accurately
- Shows year-wise schedule
- Visual principal vs interest breakup
- Shareable and downloadable results
- No login required
frequently asked questions
No. Interest earned is taxable, but TDS is not deducted.
Premature withdrawal is allowed only after a minimum lock-in period under specific conditions.
Yes. It is backed by the Government of India.