Kisan Vikas Patra (KVP) Calculator
Investment Amount: ₹0
Total Interest Earned: ₹0
Maturity Amount: ₹0
What is Kisan Vikas Patra (KVP)?
Kisan Vikas Patra (KVP) is a Government of India backed small savings scheme that helps investors grow their money safely over the long term. Under this scheme, the invested amount approximately doubles at the maturity period specified by the Government.
Who Can Invest?
- Any Indian resident aged 18 years or above.
- Parents or guardians can invest on behalf of minors.
- Single and joint accounts are permitted.
Key Features
- Government-backed and low-risk investment.
- Investment amount approximately doubles on maturity.
- No upper limit on investment amount.
- Available at Post Offices and authorized banks.
- Nomination facility is available.
- Can be transferred between individuals and Post Offices under prescribed rules.
Investment Rules
- Minimum Investment: ₹1,000
- Additional investments can be made in multiples of ₹100.
- No maximum investment limit.
- Premature withdrawal is permitted only under specified conditions.
Taxation
- No tax deduction under Section 80C.
- Interest earned is taxable according to applicable income tax rules.
- TDS is generally not deducted on maturity.
Why Invest in KVP?
- Safe and government-guaranteed investment option.
- Suitable for conservative investors seeking capital growth.
- Simple investment process and easy availability.
- Helps create long-term wealth with predictable returns.