Kisan Vikas Patra Calculator

Check the KVP maturity amount by entering the principal amount (Invested Amount). Note that the tenure and interest rate is fixed by post office.

The Kisan Vikas Patra (KVP) is a government-backed savings scheme that offers a guaranteed return of 7.5% per annum. The scheme is open to all Indian citizens with no maximum investment limit.

Launched by the India Post, KVP offers a fixed interest rate, compounded annually. Investors can deposit a certain amount where over a predefined period, their investment grows, resulting in a lump sum at maturity. It provides a secure avenue for those seeking stable returns with the backing of the government. Understanding and calculating returns is crucial for investors looking to leverage this savings instrument effectively.

Use the KVP calculator to calculate the maturity amount and plan your investment batter!

How to Use Kisan Vikas Patra Calculator

Using a Kisan Vikas Patra Calculator is fairly easy.

• Step 1: Find a KVP calculator online.
• Step 2: Enter your investment amount and desired maturity period (60, 84, 108, or 124 months).
• Step 3: Click "Calculate" to see your estimated maturity amount.
• Step 4: Use different values and numbers and find the best fit for your goals.

Formula to Calculate KVP Maturity Amount

The formula to calculate the maturity amount of a Kisan Vikas Patra (KVP) without an online calculator is:

A = P x (1+r/n)n x t

Where,
A= Maturity amount
P= Principal or the Initial Amount
R= Interest Rate
t= Time period of investment
n= Number of Times Interest is Compounded within the Time Period

How to Calculate Premature Closure Value

Prematurely closing a Kisan Vikas Patra (KVP) involves a calculated approach to determine the value of your investment at the time of withdrawal. The Kisan Vikas Patra maturity period is up to 9 years and 7 months. You can withdraw the principal amount along with the interest. For any premature withdrawal the investor should have completed a lock-in period of 2 years and 6 months.

The table below shows the premature closure value of an account opened on or after the date of notification with 1000 rupees.

How Can Kisan Vikas Patra Calculator Help You

A Kisan Vikas Patra (KVP) calculator can be a valuable tool for anyone considering investing in this government-backed savings scheme. Here's how it helps you:

• Estimate returns: Enter your desired investment amount and maturity period to see your projected earnings at maturity. This helps you plan your finances around future needs and goals.
• Compare scenarios: Try different combinations of amounts and durations to find the best interest rates, loan amount etc. that fits your budget and desired returns.
• Understand interest: Visualise the impact of the fixed 7.5% annual interest rate on your investment over time.
• Avoid surprises: Premature withdrawal penalties vary depending on the time frame. The calculator can help you estimate potential losses if you need to redeem the KVP early.
• Compare with other options: Use the calculator to assess KVP returns against other savings options like bank deposits or fixed deposits. This helps you choose the investment that best fits your risk appetite and financial goals.

KVP Interest Rates 2023

The current interest rate in Kisan Vikas Patra for December 2023, is 7.50% p.a.It's important to note that kisan patra scheme interest rates are fixed at the time of investment and don't change based on changes in market conditions or future announcements. This offers predictable returns for investors throughout the maturity period.