The Kisan Vikas Patra (KVP) is the only government scheme that explicitly promises to Double Your Money in a fixed timeframe. Originally designed for farmers ("Kisan"), it is now open to all Indian citizens who want safe, guaranteed returns.

Current KVP Interest Rate (2026)

💰 Interest Rate: 7.5% p.a.

As of February 2026, the KVP interest rate is 7.5% compounded annually. This means your money doubles in exactly 115 Months (9 Years & 7 Months).

KVP Doubling Calculator

See exactly how much you can earn. There is NO Maximum Limit on investment.

Investment Amount Deposit Date Maturity Date (+115 Months) Maturity Amount (2x)
₹1,000 (Min) Feb 2026 Sept 2035 ₹2,000
₹50,000 Feb 2026 Sept 2035 ₹1.0 Lakh
₹1.0 Lakh Feb 2026 Sept 2035 ₹2.0 Lakhs
₹5.0 Lakhs Feb 2026 Sept 2035 ₹10.0 Lakhs
₹10.0 Lakhs Feb 2026 Sept 2035 ₹20.0 Lakhs

Important Rules

  • Eligibility: Any Indian Adult. Minors > 10 years can open self-operated accounts.
  • Joint Account: Up to 3 adults can open a joint account (Type A or Type B).
  • Premature Closure: Allowed after 2 years and 6 months.
  • Pledging: KVP certificates can be pledged as security for bank loans.

⚠️ Tax Implication (The Catch)

KVP is safe, but it is NOT Tax-Free.

  • Principal: Does NOT qualify for Section 80C deduction.
  • Interest: The interest earned is fully Taxable on accrual basis.
  • TDS: TDS is usually not deducted at source, but you must declare interest in your ITR.

💡 Expert Verdict: Is KVP Worth It?

KVP is best for investors who want zero ambiguity—you know exactly when your money doubles.

Verdict: Choose KVP if you don't need tax benefits under 80C. If you need tax saving, go for NSC (7.7%). If you need higher returns and are a senior citizen, SCSS (8.2%) is superior.

📈 KVP vs Inflation

Because KVP interest is taxable, the post-tax return for high tax brackets might barely beat inflation. It is most effective for those in the 0% to 10% tax slabs.

Conclusion: Is KVP Good in 2026?

If you fall in a lower tax slab and want a "fire and forget" investment that guarantees exactly double returns, KVP is excellent. However, for tax saving, prefer PPF or NSC. For strictly higher returns, SCSS (8.2%) or SSY (8.2%) are better if you qualify.