Kisan Vikas Patra (KVP) Calculator

Kisan Vikas Patras (KVP) Calculator is a general-purpose calculator used for calculating the maturity amount of Kisan Vikas Patras (KVP) invested in the Post Office at a one-time basis for a specified period.

This Kisan Vikas Patras (KVP) Calculator requires some data like – Your KVP Deposit Amount, Date of purchase of certificate to check whether the certificate is from old scheme or from the new scheme. After calculation, you will get the Maturity Amount of your Kisan Vikas Patras (KVP) at subsequent time interval from 2 years 6 months & onwards.

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Kisan Vikas Patras (KVP) is a small savings scheme run by the Department of Posts. NSC is a government scheme, and thus it is a very safe investment option. It is a long term investment option.

KVP doubles a one-time investment in a period of approximately 10 years & 4 months (or 124 months) if you purchase the certificate after 1 April 2020. For instance, a Kisan Vikas Patra for Rs. 1,00,000 will get you a corpus of Rs. 2,00,000 after maturity.

Kisan Vikas Patra or KVP is a popular savings scheme offered by the Post office. Post office usually offers relatively higher returns on KVPs than on savings or RD accounts without Income Tax Rebate.

Kisan Vikas Patras (KVP)

India Post introduced the Kisan Vikas Patra as a small saving certificate scheme in 1988. Its primary objective is to encourage long-term financial discipline in people. As per the latest update, the tenure for the scheme is now 124 months (10 years & 4 months) with an Interest rate of 6.9%, if you purchase the certificate between 1 April 2020 and 30 June 2020. The minimum investment is Rs. 1000 and there is no upper limit.

Type of Kisan Vikas Patra (KVP) Certificates:

Single holder type Certificates
A single holder type Certificate may be issued to an adult for himself or on behalf of a minor or to a minor.

Joint ‘A’ type Certificates
A Joint ‘A’ type Certificate may be issued jointly to two adults payable to both holders jointly or to the survivor.

Joint ‘B’ type Certificates
A Joint ‘B’ type Certificates may be issued jointly to two adults payable to either of the holders or to the survivor.

Salient Features of Kisan Vikas Patras (KVP):

• Amount Invested in Kisan Vikas Patra (KVP) doubles in 124 months (10 years and 4 months) if you purchase the certificate between 1 April 2020 and 30 June 2020.
• Kisan Vikas Patra (KVP) Certificates can be purchased from the Post office.
• Nomination facility is available
• You can also change your post office
• This certificate can be encashed after 2.5 years after the date of the issue.
• Any number of certificates can be purchased by the purchaser.
• Kisan Vikas Patra (KVP) can be pledged as security in case of taking a loan.

Encashment of KVP:

KVPs can be encashed at the Post Office of its issue. These can also be encashed at any other Post Office if the Officer-in-Charge of that Post Office or bank is satisfied with verification from the Post Office or bank of issue that the person presenting the certificate for encashment, is entitled thereto.