Kisan Vikas Patra (KVP) Interest Rate & Doubling Period
This scheme last updated its deposit rates on 01-Jul-26.
Scheme Overview
KVP has one simple, memorable promise: it doubles your money over a fixed period. It is a certificate for the risk-averse saver who values certainty of capital growth over liquidity or tax breaks, and it can also serve as loan collateral. It is important to note that it is not only for farmers, but all residents of India.
- Interest rate: 7.50% p.a., compounded — at which the investment doubles in 115 months (9 years and 7 months).
- Minimum / Maximum deposit: ₹1,000 minimum, in multiples of ₹100; no upper limit.
- Tenure: Certificate matures when the amount doubles — currently 115 months.
- Lock-in: 2 years 6 months (30 months) — the earliest point at which the certificate can be encashed.
- Eligibility: Resident adults (single or joint), a minor aged 10+ independently, or a guardian on behalf of a minor. NRIs and HUFs cannot invest.
- Premature withdrawal: Allowed after the 30-month lock-in, and automatically without penalty on the holder's death or by court order. KVP can be pledged as collateral.
- Tax benefit: No Section 80C benefit. Interest is fully taxable, though there is no TDS.
- Payout: Full principal plus interest (double the invested amount) at maturity.
Government Schemes — At a Glance
| Scheme | Rate (p.a.) | Tenure | Max Deposit | Eligibility | Early Closure | Tax Benefit | Payout |
|---|---|---|---|---|---|---|---|
| 7.10% | 15 yrs | ₹1.5L / year | Residents | Conditional | Yes | At maturity | |
| 8.20% | 21 yrs | ₹1.5L / year | Girl child | Conditional | Yes | At maturity | |
| 8.20% | 5 + 3 yrs | ₹30 lakh | Age 60+ | Yes | Yes | Quarterly | |
| 7.70% | 5 yrs | No limit | Residents | No | Yes | At maturity | |
| 7.50% | 1–5 yrs | No limit | Residents | Yes | Yes | Annual | |
| 6.70% | 5 yrs | No limit | Residents | Yes | No | At maturity | |
| 7.40% | 5 yrs | ₹9L / ₹15L joint | Residents | Yes | No | Monthly | |
| 7.50% | 115 months | No limit | Resident | Yes | No | At maturity |
Interest rates are for the July–Sept 2026 quarter and are revised quarterly by the Ministry of Finance. This is for educational purposes and is not investment or tax advice — verify current figures on India Post or NSI before investing.
Frequently Asked Questions
Kisan Vikas Patra earns 7.5% per annum for the July–September 2026 quarter and doubles your money in 115 months (9 years and 7 months). The doubling period shortens if the rate rises and lengthens if it falls. The rate is fixed once your certificate is issued.
You can invest from ₹1,000, in multiples of ₹100, with no upper limit. Investments above ₹50,000 require PAN, and above ₹10 lakh need income proof under KYC rules. There is no tax benefit, so KVP suits capital growth rather than tax saving.
KVP has a lock-in of 2 years 6 months (30 months). Before this, the certificate cannot be encashed except on the holder's death or by a court order. After 30 months, you may withdraw the full value at pre-set slabs printed on the certificate.
Resident adult individuals can buy KVP, singly or jointly. A minor aged 10 or above may hold a certificate, or a guardian on their behalf. Despite the name, it is open to all residents, not only farmers. NRIs and HUFs cannot invest in KVP.
Yes, KVP interest is fully taxable at your income-tax slab and offers no Section 80C deduction. There is no TDS on maturity, but the interest must be declared in your return. Many investors report it on an accrual basis each year to spread the liability.
KVP pays the full doubled amount as a lump sum at maturity — there is no interim interest payout. A ₹1 lakh certificate becomes ₹2 lakh after 115 months. Certificates can also be pledged as security for a loan or transferred under set conditions.