KVP calculator
7.5% a year · Backed by the Government of India · Interest taxed at your slab rate
Maturity amount after 115 monthsAfter tax, in today's money
₹2,00,000
You keep ₹1,68,800 after ₹31,200 tax on the interest along the way.₹1,68,800 after tax is worth this much at today's prices, if prices rise 5.54% a year.- You put in
- ₹1.00 L
- Interest earned
- ₹1.00 L
- Tax
- ₹31,200
5.16% a yearafter tax
Balance at the end of each yearBalance each year, in today's moneyYour moneyEarned
See year by year
| Year | Put in | Balance | Tax so far |
|---|---|---|---|
| 1 | ₹1,00,000 | ₹1,07,500 | ₹2,340 |
| 2 | ₹1,00,000 | ₹1,15,563 | ₹4,855 |
| 3 | ₹1,00,000 | ₹1,24,230 | ₹7,560 |
| 4 | ₹1,00,000 | ₹1,33,547 | ₹10,467 |
| 5 | ₹1,00,000 | ₹1,43,563 | ₹13,592 |
| 6 | ₹1,00,000 | ₹1,54,330 | ₹16,951 |
| 7 | ₹1,00,000 | ₹1,65,905 | ₹20,562 |
| 8 | ₹1,00,000 | ₹1,78,348 | ₹24,445 |
| 9 | ₹1,00,000 | ₹1,91,724 | ₹28,618 |
| 10 | ₹1,00,000 | ₹2,00,000 | ₹31,200 |
How the KVP rate has changed
KVP pays 7.5% today, unchanged since April 2023. Since its relaunch in September 2014, it has ranged from 6.9% (2020–2022) to 8.7% (2014–2016).
- The rate on the day you invest stays fixed for your whole term. Later changes, up or down, don't affect money you've already put in.
- The chart starts when KVP was relaunched in September 2014. The original KVP ran from 1988 to 2011: it doubled money in 5½ years at first, and in 8 years 7 months by the time it closed.
See every rate change (12)
| Period | Rate a year | Doubles in |
|---|---|---|
| Apr 2023 – now | 7.5% | 115 months |
| Jan 2023 – Mar 2023 | 7.2% | 120 months |
| Oct 2022 – Dec 2022 | 7% | 123 months |
| Apr 2020 – Sep 2022 | 6.9% | 124 months |
| Jul 2019 – Mar 2020 | 7.6% | 113 months |
| Oct 2018 – Jun 2019 | 7.7% | 112 months |
| Jan 2018 – Sep 2018 | 7.3% | 118 months |
| Jul 2017 – Dec 2017 | 7.5% | 115 months |
| Apr 2017 – Jun 2017 | 7.6% | 113 months |
| Oct 2016 – Mar 2017 | 7.7% | 112 months |
| Apr 2016 – Sep 2016 | 7.8% | 110 months |
| Sep 2014 – Mar 2016 | 8.7% | 100 months |
Source: National Savings Institute, Ministry of Finance, rates since launch; Oct–Dec 2026 from the Ministry's latest notice.
Good to know
- At 7.5%, KVP doubles your money in 115 months. The term is set by the rate on the day you buy it.
- Interest isn't paid out along the way, but it's still taxable. You can pay tax on it each year or all at maturity; this calculator taxes it every year.
- KVP doesn't count for the old-regime ₹1.5 lakh deduction.