Kisan Vikas Patra Calculator
Total Amount Investing
Kisan Vikas Patra (KVP) Calculator

Kisan Vikas Patra or KVP calculator is an effective tool for individuals willing to determine the maturity amount before investing. Many such calculators are available on different internet portals, which are also extremely easy to use.
This article will provide insights into several aspects of a KVP calculator. Scroll through!
Table of Contents
What is the KVP Calculator?

What is the KVP Calculator?
A Kisan Vikas Patra (KVP) calculator is an online tool that helps you calculate your investment's growth rate and maturity amount based on your investment and how long you keep it. The calculator uses the current interest rate and compounding rules to predict your earnings at maturity.
The full form of KVP is Kisan Vikas Patra, an Indian government effort that enables individuals to contribute to long-term savings plans.
How Does the KVP Interest Rate Calculator Work?
The KVP calculator works on the principle of compounding, where the formula used to compute returns is the same as the formula for compound interest.
A = P (1 + r/n)^(nt)
Here,
A - Maturity Amount
P - Principal or the Initial Amount
r - Rate of Interest
t - Time Period of Investment
n - Number of Times Interest is Compounded within the Time Period
Before delving into various calculation metrics applicable in a KVP calculator, consider the following example. This will make it easier for you to understand the metrics mentioned later in this section.
Example: Mr A invested an amount of ₹1 lakh in KVP on 18th August 2021.
An individual needs to input values corresponding to the following calculation metrics in the KVP calculator:
After entering both data into the specified fields of a KVP calculator, the maturity amount is computed. Thereafter, a user is presented with the maturity amount, maturity date, and total amount of interest.
Note that in the case of KVP, the interest is compounded annually. Presently, the rate of interest on offer is 6.9%. There is no fixed time period for KVP. With this present rate of interest, the maturity date will be 124 months.
With these basics out of our way, let’s now discuss how to calculate KVP interest.
Rate of Interest Table for KVP Scheme
The rate of interest for this scheme varies periodically depending on the updates by the Ministry of Finance. The current rate of interest applicable to this scheme is 6.9% p.a., which can double one’s investment in 124 months.
The table below indicates the fluctuations in this interest rate over a period of time:
Therefore, as the current interest rate is 6.9%, a KVP interest rate calculator will consider this rate for calculating one’s earned interest in Q1 FY 2020-2021.
How to Use the Digit KVP Calculator?
To use the Digit APY calculator, you need to follow the steps mentioned below:
Step 1
Enter the total amount you want to invest.
Step 2
The calculator will automatically show the KVP annual interest rate and time period.
Step 3
After entering the data, the calculator will show the total amount invested and the maturity amount.
How to Calculate Premature Closure Value for KVP?
To close a Kisan Vikas Patra (KVP) before maturity, you need to first calculate the value of your investment. The maturity period of KVP is up to 9 years and 7 months, and you can withdraw the principal amount and the interest. However, you must have held the investment for at least 2 years and 6 months for premature withdrawal.
The table presents the premature closure value of an account opened on or after the notification date with an initial deposit of ₹1,000.
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Eligibility Criteria for Kisan Vikas Patra
Eligibility Criteria for Kisan Vikas Patra
The following are the eligibility criteria for KVP:
- You must be an Indian citizen.
- You must be at least 18 years old.
- An adult can apply for a minor in the case of a specially-abled child.
Documents Required for Kisan Vikas Patra
Here is a list of documents you need to present while applying for the KVP scheme:
Identification Proof
Address Proof
KVP Application Form
Birth Certificate
Benefits of Kisan Vikas Patra Scheme
KVP, a government-backed savings scheme, assures you a secure investment option with various benefits, which are as follows:
Who Can Invest in Kisan Vikas Patra (KVP)?

Who Can Invest in Kisan Vikas Patra (KVP)?
How to Invest in Kisan Vikas Patra?
Step 1
Visit a designated post office that issues KVP certificates and Fill the required form by providing personal details and investment amount.
Step 2
Submit documents, such as identity proof, address proof, and any other necessary documents as per post office requirements.
Step 3
Pay the desired investment amount in cash, demand draft, or cheque. And get the certificate and hold it until maturity or encash.
By now, you must have gained a fundamental understanding of the KVP calculator and its various aspects. So, if you want to invest in this scheme, use this tool to your benefit.