KVP Calculator India 2026

KVP guarantees a doubling of your investment over a fixed period announced along with the interest rate (115 months, roughly 9 years 7 months, at the current 7.5% rate). If the notified rate is lower or higher for a future purchase, the doubling period changes accordingly — but once you buy, your rate and tenure are locked in for that certificate.

PPF offers a Section 80C deduction and fully tax-free (EEE) growth, while KVP currently offers a higher headline rate but no 80C benefit and fully taxable interest. Salaried taxpayers in the old regime often prefer PPF for the tax savings; conservative savers who have already used their 80C limit sometimes prefer KVP for the higher pre-tax rate.

Yes. KVP interest is added to your taxable income every year and taxed at your income tax slab rate, with TDS applying under Section 194A once annual interest exceeds ₹50,000 (₹1,00,000 for senior citizens). There is no Section 80C deduction on KVP.

Premature encashment is allowed after a minimum holding period (2.5 years from the date of deposit) under the scheme rules, subject to the terms in force at the time. KVP can also be pledged as collateral for a bank loan without breaking the investment. Confirm the current premature-closure and loan terms at your post office or bank before relying on either option.

The minimum investment is ₹1,000, with no upper limit on how much you can invest — you can purchase multiple certificates. KVP is available at post offices and select public sector banks, and can be held individually, jointly, or on behalf of a minor.