Lump-Sum · Money Doubles · India Post
Kisan Vikas Patra (KVP)
Invest a lump sum once and watch it double — a government-backed scheme with a fixed maturity period, no upper investment limit, and guaranteed doubling of your money.
Govt-Backed
Part of India's small savings framework — high capital security.
Money Doubles
Guaranteed to double at the prescribed maturity period.
9 Yrs 7 Months
Current maturity period at 7.5% p.a. (115 months).
No Max Limit
No upper cap on how much you can invest.
Joint Account
Up to 3 adults can open a joint KVP account.
Overview
What is Kisan Vikas Patra?
Kisan Vikas Patra (KVP) is a Government of India-backed small savings certificate available at India Post. You make a one-time lump-sum investment and receive exactly double the amount at maturity. There is no monthly income or periodic payout — the entire accumulated amount is paid at the end of the maturity period. The current rate of 7.5% p.a. means investments made now double in 115 months.
Money Doubling Examples · 7.5% p.a. · 115 months
| You Invest | You Receive at Maturity |
|---|---|
| ₹1,000 | ₹2,000 |
| ₹50,000 | ₹1,00,000 |
| ₹1,00,000 | ₹2,00,000 |
| ₹5,00,000 | ₹10,00,000 |
* Subject to applicable KVP scheme rules and maturity period. Interest rates are reviewed quarterly.
Eligibility
Who Can Invest?
- Adult individual in their own name
- Adult guardian on behalf of a minor or person of unsound mind
- Minor who has attained the age of 10 years
- Up to three eligible adults jointly
- NRIs, trusts, firms, and institutions are not eligible
KYC
Documents Required
- Identity proof — Aadhaar, PAN, Passport, Voter ID, Driving Licence
- Address proof as per applicable KYC norms
- PAN card or Form 60 (where applicable)
- Photograph if required under account-opening procedure
- KVP account opening form
- Source of funds proof for investments exceeding ₹10 lakh
Scheme Features
Interest & Investment Rules
How interest works
Interest is compounded annually at the rate locked in when you open the account. No periodic payouts — the full doubled amount is paid at maturity. The maturity period is determined by the rate applicable at the time of investment, not future rate changes.
No maximum limit
Unlike most small savings schemes, KVP has no upper investment cap. You can open multiple KVP accounts. However, investments above ₹10 lakh require proof of source of funds under anti-money-laundering rules.
Lock-In & Exit
Premature Closure Rules
0 – 30 months
No premature closure
Except death, court order, or pledgee forfeiture
After 30 months
Premature closure allowed
Amount per applicable premature closure value table
At 115 months
Full maturity
Receive double the invested amount
Where to Invest
Designated Post Offices Only
KVP is available exclusively at designated India Post branches offering National Small Savings Schemes. Visit with your KYC documents and the prescribed account opening form.
India Post Savings Schemes →Things to Know
Before You Invest
- No premature encashment before 30 months except in specific permitted cases
- No Section 80C deduction — KVP does not qualify for tax saving under 80C
- Interest earned is fully taxable as per your income slab
- Not suitable for investors needing regular income or short-term liquidity
- Interest rates reviewed quarterly — future investments may have different maturity periods
- NRIs, trusts, and institutions cannot invest in KVP
Is KVP the right fit for your savings goal?
Talk to a Wealth Doctor — free advice.