Kisan Vikas Patra (KVP)
Government-backed savings certificate that doubles your money. Current rate: 7.5% p.a.
Investment Details
Minimum ₹1,000. No maximum limit.
₹
₹1,000₹1,00,00,000
Government rate (revised quarterly)
%
6%9%
KVP Features
Available atPost Offices & Banks
Lock-in Period30 months (2.5 years)
Tax BenefitNot under 80C
Interest TaxableYes, at slab rate
Maturity Value2x in 9.7 years
₹2.00 L
After 116 months
Breakdown
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₹1.00 L
Principal
₹1.00 L
Interest Earned
Doubling Progress116 months
₹1.00 L₹2.00 L
KVP
Kisan Vikas Patra
7.5%
Compounded annually
Bank FD
5-Year Fixed Deposit
6.5-7%
Varies by bank
PPF
Public Provident Fund
7.1%
Tax-free + 80C
NSC
National Savings Certificate
7.7%
80C benefit