2 weeks ago
KVP 2026: Money Doubles in 115 Months at 7.5% Interest
Kisan Vikas Patra is like a special piggy bank run by the Indian government.
When you put money in, the government promises to double it for you.
Right now, the government gives you 7.5% extra money every year.
If you wait 9 years and 7 months, your money becomes twice as much.
For example, if you put in 1 lakh rupees, you get 2 lakh rupees back.
Only people who live in India can open this account.
You can open it alone or together with up to three other adults.
Even kids who are 10 years old can open one.
You need at least 1,000 rupees to start saving.
The extra money you earn is taxed, so you have to pay tax on it.
Kisan Vikas Patra offers a fixed 7.5% annual interest rate, compounded annually, for the July-September 2026 quarter.
Deposits double in 115 months (9 years and 7 months), so Rs 1 lakh grows to Rs 2 lakh.
An investment made in August 2026 would mature in March 2036.
Resident Indian citizens can open accounts singly or jointly with up to three adults, with a minimum deposit of Rs 1,000.
KVP interest is fully taxable as 'Income from Other Sources' and offers no tax deduction under Section 80C.
- Who
- Resident citizens of India, including joint account holders, guardians, and minors aged 10 and above.
- What
- Kisan Vikas Patra deposits will double in 115 months at a 7.5% annual interest rate compounded annually.
- Where
- India, through post offices and banks offering the scheme.
- When
- The 7.5% rate applies to the second quarter (July-September 2026) of fiscal year 2026-2027.
- Why
- The Finance Ministry sets quarterly post office scheme interest rates, and KVP provides a government-backed fixed-return investment option.
Key facts
- Interest Rate
- 7.5% per annum, compounded annually
- Doubling Period
- 115 months (9 years and 7 months)
- Minimum Deposit
- Rs 1,000, in multiples of Rs 100
- Maximum Deposit
- No limit
- Eligibility
- Resident citizens of India
- Tax Treatment
- Taxable as 'Income from Other Sources'; no deduction under Section 80C
- Rate Period
- July-September 2026 (Q2 of FY 2026-27)
- Example
- Rs 1 lakh doubles to Rs 2 lakh; August 2026 deposit matures March 2036









