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Kisan Vikas Patra Calculator

Kisan Vikas Patra doubling period. KVP is quoted as a period rather than a rate, which is unusual and makes it hard to compare against anything until you convert it back.

Also called: kisan vikas patra calculator, money doubling scheme.

₹
%
Maturity value
₹4,00,000

₹4,00,000, exactly double the 2,00,000 invested, after 116 months which is 9.67 years. The doubling period follows from the rate: At 7.5% compounded annually, doubling takes 9.58 years, which the scheme rounds to 116 months.

Months to double
116
Years to double
9.67
Interest earned
₹2,00,000
Rule of 72 estimate
9.6
On the doubling period
At 7.5% compounded annually, doubling takes 9.58 years, which the scheme rounds to 116 months.
On the rate
Small savings rates are revised quarterly by the government. Check the current quarter rate before relying on this.
How this is calculated
Method and background

This is what the calculation gives for the numbers you entered. It is an estimate, not advice, and it knows nothing about your situation beyond those numbers. Rules for India change on a published schedule; the effective date is shown on every rule-based tool.

How this is calculated

KVP promises to double your money in a stated number of months, and the government sets that period rather than a rate. The rate is implied: doubling in 115 months corresponds to about 7.5 percent compounded annually. The scheme has no upper investment limit and no tax benefit, and the interest is fully taxable. Because it is quoted as a period, comparing it against a fixed deposit requires converting one into the other, which is what this page does.

the years to double at an annually compounded rate; KVP states this period rather than the rate
r
Annual rate

Worked examples

Each of these is asserted on every build. If a change to the engine ever moved one of these answers, the build would fail before the page could print it.

two lakh at 7.5 percent

Amount invested
₹2,00,000
KVP rate
7.5%

Maturity value₹4,00,000

ln2 / ln(1.075) is 9.58 years

Open this example

the rule of 72 approximates it

Amount invested
₹2,00,000
KVP rate
8%

Maturity value₹4,00,000

boundary: 9 against the exact 9.01 years

Open this example

Method and limits

What it assumes

  • Annual compounding, which is how KVP is structured.

What it deliberately does not model

  • No tax deduction on investment and interest is fully taxable.
  • Premature encashment is allowed after two and a half years at a reduced return.

Formula version 1.0.0 · definition 1.0.0 · India · Report a problem with this calculator

Frequently asked questions

Why is KVP quoted in months rather than a rate?
It is a presentational choice from the scheme design: the doubling promise is the product. The implied rate follows from the period and is what you need to compare it with anything else.