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Kisan Vikas Patra calculator
KVP has one promise: your money doubles. At 7.5% that takes 115 months, or nine years and seven months.
How KVP works
You buy a certificate at a post office or authorised bank from ₹1,000, in multiples of ₹100, with no upper limit. The doubling period is fixed by the rate on the purchase date. Change the rate above to see how the period moves: at 7% it would be about 10 years.
Questions
Is KVP taxable?
Yes. The interest is taxable and there is no Section 80C benefit. It suits people who want certainty rather than tax savings.
Can I cash it early?
After two and a half years, at a reduced value. Earlier encashment is allowed only in special cases such as the holder’s death.
Do I need PAN?
For investments above ₹50,000 you need PAN, and above ₹10 lakh proof of income is required under anti-money-laundering rules.