> ## Content Index > Fetch the complete content index at: https://newsanek.com/llms.txt > Use this file to discover other available public pages before exploring further. # Kisan Vikas Patra: how to double your money in 115 months at 7.5% - URL: https://newsanek.com/kisan-vikas-patra/ - Published: 2026-11-07T04:32:43.000Z - Updated: 2026-11-07T15:20:19.000Z - Description: Kisan Vikas Patra is a post office savings certificate that pays 7.5 percent a year, compounded yearly. Your money doubles in 115 months. Here is who can invest and how to open an account. - Author: Kumar Ujjwal - Tags: Govt Schemes, #scheme-finance, #scheme-for-all, #scheme-all-india Here is the whole scheme in one place: what you get, who qualifies, how to apply, and what to check. __At a glance__ | Scheme | Kisan Vikas Patra (KVP) | | -------------- | ----------------------------------------------------------------------- | | Department | India Post, Ministry of Communications, Govt of India | | Benefit | 7.5% interest a year, compounded yearly, money doubles in 115 months | | Who can invest | Resident Indian adults, minors above 10 years, trusts and joint holders | | How it is paid | Lump sum at maturity, after 115 months | | Apply at | Any India Post post office | | Cost to apply | No fee to open the account | ### Key points - Minimum investment is Rs 1,000, with no maximum limit. - Money doubles in 115 months at the current 7.5% rate. - Interest is fully taxable as per your income tax slab. - Aadhaar is mandatory, and PAN is needed above Rs 50,000. ## So what exactly do you get? The scheme pays 7.5 percent interest a year, compounded yearly. This rate has stayed the same since April 2023. At this rate, Rs 1 lakh becomes about Rs 2 lakh after 115 months, or 9 years and 7 months. The interest is fully taxable under both the old and new tax regimes, as per your income tax slab. Amounts can change. Please confirm the current rate on the India Post website before you invest. ## Who can invest, and who cannot? Resident Indian citizens can open a KVP account. The scheme is open to all eligible investors across India. An adult can invest in his or her own name, or on behalf of a minor. A minor who has completed 10 years of age can hold an account in their own name. A trust can invest. Up to three adults can also hold an account jointly. Non-resident Indians are not eligible under the usual terms, so please check with the post office first. ## A short background: why was this scheme started? India Post launched Kisan Vikas Patra in 1988 to encourage long-term savings, especially among farmers. The scheme was closed in 2011 after concerns about misuse. It was relaunched in 2014 by the new government. Today it is open to all eligible investors. The Finance Ministry reviews its interest rate every quarter. Kisan Vikas Patra: key milestones 1. **1988**India Post launched Kisan Vikas Patra to encourage long-term savings, especially among farmers. 2. **2011**The scheme was closed after concerns about misuse. 3. **2014**The scheme was relaunched by the new government and is open to all eligible investors. 4. **April 2023**The 7.5 percent interest rate has stayed the same since this date. Graphic: News Anek, from the facts in this report ## What documents should you keep ready? Keep your Aadhaar card ready. It is mandatory as proof of identity. Keep your PAN card ready too, if you invest more than Rs 50,000. If you deposit Rs 10 lakh or more, keep proof of income ready, such as salary slips, bank statements or income tax returns. Keep a passport size photograph and your bank account details handy. ## How do you open an account at a post office? Visit your nearest India Post post office and ask for the Kisan Vikas Patra application form. Fill in your details and choose the account type, such as single, joint A or joint B. Nominate a beneficiary if you wish. This makes the transfer of money easier if the holder dies. Submit the form with your documents and the cash or cheque. You will receive your certificate. ## Can you check the status, and what if something goes wrong? Keep your certificate safe, as it is needed for maturity and any early closure. For any issue, call the India Post helpline on 18002666868, from 8 AM to 8 PM. For IPPB related queries, call 155299 or 033-22029000. You can also register a complaint on the India Post grievance page. ## How do you stay safe from fraud? India Post warns about fake links impersonating the department. Use only the official website, www.indiapost.gov.in. Never share your OTP, bank, card or UPI details with anyone through a link or call. Open accounts only at a real post office, and never pay an agent in cash without a receipt. ## Frequently asked questions ### Can I invest more than once? Yes. Additional deposits can be made in multiples of Rs 100, and there is no maximum investment limit. ### Is there a last date to invest? KVP has no fixed last date. Confirm the current terms at your post office before you invest. ### Is the interest taxable? Yes. The interest is fully taxable as per your income tax slab under both tax regimes. ### Can I close the account early? Yes, but only in specified cases, such as the death of the holder or a court order. ### Can I nominate someone? Yes. You can nominate a beneficiary when opening the account. ### Official links - [Official website](https://www.indiapost.gov.in/?ref=newsanek.com) This guide is based on official scheme rules. Rules and amounts can change, so always confirm on the official website before you apply. News Anek is not a government website.