Kisan Vikas Patra: Here's How Rs. 1 Lakh Can Becomes Rs. 2 Lakh in 115 Months Under This Post Office Scheme

People who are planning to save their money in the government kisan vikas patra scheme have one less thing to worry about this quarter.

The Union Finance Ministry has kept the KVP interest rate at 7.5% for the July-September quarter or the Q2 FY2026-27. Hence the scheme still is offering the same guaranteed returns.

The Department of Economic Affairs (DEA) on June 30, announced this at the end of quarterly review of small savings schemes. The KVP interest rate has not been changed at 7.5% since April 1, 2023.

Now since there is no revision in rates, investors who purchase fresh KVP certificates during this quarter will enjoy the same maturity period and guaranteed doubling of their investment.

Kisan Vikas Patra Money Doubling Period

Any investments made in Kisan Vikas Patra doubles in 115 months, or around 9 years and 7 months at the current 7.5% annual interest rate.

It is a conservative form of investment and there is no uncertainty like the market liked saving schemes.

At the time of investment the maturity date and amount is calculated and printed on the certificate. It is a long term investment and the premature closure is allowed only under certain conditions as per the scheme's rules.

Who Can Invest in Kisan Vikas Patra?

Kisan Vikas Patra is available for investment to a range of eligible investors. The following individuals can open a KVP account:
A single adult.

• Up to three adults through a joint account.
• A guardian on behalf of a minor.
• A guardian on behalf of a person of unsound mind.
• A minor aged 10 years or above, who can open an account in their own name.

The kisan vikas patra scheme requires a minimum investment of Rs. 1,000, and there is no upper investment limit.

How to Open a Kisan Vikas Patra Account

Opening a KVP account is a simple process at any post office across India, and investors need to follow the steps below:

Step 1: Collect or download Form A.
Step 2: Fill in the application form.
Step 3: Submit Aadhaar, PAN, and address proof.
Step 4: Deposit the investment amount through cash, cheque, demand draft, or pay order.
Step 5: You must also add a beneficiary or Nominee while opening the account

Tax Rules for Kisan Vikas Patra

Even though KVP offers guaranteed returns, it does not provide tax-saving benefits. The Interest earned on KVP is fully taxable according to the investor's applicable income tax slab under both old and new tax regimes. Any investments made under the schemes are not eligible for deduction under Section 80C of the Income Tax Act.

However investors must know that PAN is mandatory for investments more than Rs. 50,000. And those who are depositing Rs 10 lakh or more must provide proof of income, such as salary slips, bank statements, or Income Tax Returns. Additionally, Aadhaar is mandatory as proof of identity for opening a KVP account.