Doubles your money in 115 months at 7.5% p.a.
Maturity Amount (115 months · doubles principal)
₹2 L
Statutory rate 7.5% p.a. compounded annually · Tenure: 9 yrs 7 mo
Principal
₹1 L
Maturity
₹2 L
Multiplier
2.00×
KVP doubles your money in 115 months (≈ 9 years 7 months) at the current 7.5% p.a. compounded annually statutory rate. Available at any India Post branch in denominations starting at ₹1,000 with no maximum cap.
KVP is a fixed-tenure post-office savings certificate. The current rate of 7.5% per annum (Q1 FY2024-25) doubles your money in 115 months (9 years 7 months). Available in denominations from ₹1,000 with no upper limit.
Yes — interest is taxable at slab rate on accrual or maturity (your choice). KVP does not qualify for any Section 80C deduction and does not have TDS. It is purely a capital-doubling instrument, not a tax-saver.
Premature encashment is allowed after 2.5 years (30 months). Interest is paid as per the actual completed period using a pre-defined slab. KVP also accepts pledging as collateral with banks.
Conservative investors who want a sovereign-guaranteed doubling instrument without market risk. Not optimal for tax savers (no 80C), but useful for parking surplus that doesn't need to be liquid. Senior citizens prefer SCSS over KVP for higher rates and faster payouts.