Money word, in simple language

Kisan Vikas Patra

Also called KVP

A post office savings certificate that doubles a one-time deposit over a fixed period, 115 months at today's rate.

Savings Figures verified 2026-10-31

Example. Buy a Kisan Vikas Patra for 10,000 rupees at 7.5% a year, and you get 20,000 rupees back after 115 months.

Kisan Vikas Patra is the post office scheme built around one promise: your money doubles. The rate, tax and early exit rule are in Kisan Vikas Patra: the post office scheme that doubles your money.

Questions people ask

What is the full form of KVP?

KVP stands for Kisan Vikas Patra. It's a savings certificate sold at post offices that doubles a one-time deposit over a fixed period. At the October to December 2026 rate of 7.5% a year, that period is 115 months, per India Post.

Is Kisan Vikas Patra tax-free?

No. There's no deduction on the amount you put in, and the interest counts as income from other sources, taxed at your slab.

Can anyone buy Kisan Vikas Patra?

Any adult, alone or jointly, and a parent or guardian on behalf of a minor, per India Post. The minimum is 1,000 rupees, with no upper limit.

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Kisan Vikas Patra

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