Kisan Vikas Patra (KVP) is a savings certificate that doubles your investment at a fixed tenure determined by the current interest rate. At 7.5% per year, your money doubles in approximately 115 months (about 9 years and 7 months).
KVP was originally designed for farmers (kisan = farmer) but is now open to all Indian citizens. It is one of the simplest instruments available — you know exactly when your money will double, and there are no annual decisions to make.
KVP can be transferred between people and can be pledged as security for bank loans — making it useful as a liquid, government-backed asset.
Who Should Invest?
- Anyone who wants a simple, guaranteed way to double their money
- People who don't need tax benefits and prefer simplicity over optimization
- Investors who want a sovereign-backed instrument they can pledge for loans
Key Features
- Money doubles at maturity (currently at ~115 months at 7.5%)
- Interest compounded annually
- Premature encashment allowed after 2.5 years (without penalty after lock-in)
- Transferable to another person
- Can be pledged as collateral for bank loans
- No TDS on interest
Watch Out For
- No Section 80C tax deduction
- Interest is fully taxable — high-income investors should compare post-tax yield with PPF or NSC
- Tenure changes with every interest rate revision — re-check each quarter
Compare All NSS Schemes
See how KVP compares to all other National Savings Schemes in one table.
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