Kisan Vikas Patra (KVP) Calculator

KVP is a government-backed fixed income certificate scheme offered by India Post that guarantees to double your investment principal at the end of a specific tenure.

KVP interest rates are reviewed and announced by the Ministry of Finance quarterly. Once a certificate is purchased, its rate remains locked for the entire tenure.

Any adult Indian resident citizen (either individually or jointly with up to 2 other adults), trusts, or guardians on behalf of minor children can purchase KVP. NRIs and HUFs are not eligible.

No, KVP does not offer tax deductions under Section 80C. The interest accumulated annually is also taxable as "Income from Other Sources". However, no TDS is deducted at maturity.

KVP has a lock-in period of 2 years and 6 months (30 months) from the date of purchase. Premature withdrawal after this lock-in is permitted with applicable interest rates.

You can transfer certificates between post offices across India multiple times without restriction. However, transferring certificate ownership from one individual to another is allowed only under specific conditions.

Yes, KVP certificates are widely accepted by commercial banks and cooperative societies as collateral to secure credit facilities or overdraft loans.

No, there is no maximum limit or ceiling on KVP investments. You can purchase KVP certificates for any amount, subject to meeting standard PAN and KYC documentation requirements.

In the event of the holder's death, the nominee or legal heir can claim the matured amount or choose to continue holding the certificate until maturity, or prematurely withdraw it.

You must submit the original KVP certificate along with a claim form and identity proof at the post office where the certificate is held to receive the maturity payment.