# 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.

%

*** Rate of Interest & Tenure is fixed.

 Maturity Year :    2033 Maturity Value :    ₹30,00,000

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.

Period from the date of the account ro the date of premature closure Amount payable(with taxes)(Rs)
2.5 years but less than 3 years Rs 1173
3 years but less than 3.5 years Rs 1211
3.5 and half years but less than 4 years Rs 1251
4 years but less than 4.5 years Rs 1291
4 and half years but less than five years Rs 1333

Note: The rates mentioned above are subject to change depending on the change in the interest rate for KVP. For the latest values, please refer to the Government notification.

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.

From To Interest Rate
1 Jan 2023 2 Jan 2024 7.50% p.a.
1 Oct 2022 31 Dec 2022 7.0% p.a
1 April 2020 30 Sep 2022 6.90% p.a.
01 July 2019 31 March 2020 7.60% p.a

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A KVP calculator lets you forecast your returns and compare scenarios for the Kisan Vikas Patra investment scheme.

KVP calculators are online tools that simulate the growth of your Kisan Vikas Patra investment based on the amount you invest and how long you hold it. They apply the current interest rate and compounding rules to estimate your total earnings at maturity.

Kisan Vikas Patra, often shortened to KVP, is a government-backed savings scheme designed specifically for Indian citizens, offered by the India Post. It acts like a certificate you can purchase with your investment, promising guaranteed returns upon maturity after a fixed period.

No, a standard KVP calculator typically cannot estimate interest for partial withdrawals. This is because KVPs are designed for lump-sum investments with guaranteed returns upon maturity. The interest calculations are pre-defined based on the original investment amount and maturity period.

KVP calculators offer good estimates, but future changes could affect actual returns. Use them to plan your investment and make good financial decisions.

The KVP calculator simulates your Kisan Vikas Patra investment growth based on your amount and chosen maturity period. It uses the current interest rate (7.5% as of now) and compounding rules to estimate your total earnings at maturity. This helps you plan your finances and compare KVP to other investment options.

Yes, several mobile apps offer KVP calculations. Search app stores for "Kisan Vikas Patra Calculator" or browse options from trusted providers like India Post or financial institutions.

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