Rs 9,999 Kisan Vikas Patra investment delivers Rs 9,998 return in 115 months; see how money grows each year in this guaranteed income certificate scheme

Kisan Vikas Patra (KVP) Post Office Small Savings Scheme Interest: As the government leaves the interest rates applicable to the small savings schemes available at post offices, the Post Office Kisan Vikas Patra (KVP) certificate investment plan pays interest at the rate of 7.5 per cent compounded annually for the quarter ending June 30, 2024. What makes the post office KVP scheme unique is that the amount of money invested in this small savings scheme doubles over a period of nine years and seven months. What it means is that the minimum investment of Rs 1,000 in Kisan Vikas Patra certificates grows into Rs 2,000 upon maturity.

Kisan Vikas Patra (KVP) Post Office Small Savings Scheme Interest: Currently, the money invested in the Post Office Kisan Vikas Patra scheme grows 7.5 per cent annually.

Kisan Vikas Patra (KVP) Post Office Small Savings Scheme Interest: One of the several, equally popular small savings schemes, available at post offices, the Kisan Vikas Patra (KVP) certificates doubles the invested amount in 115 months. For the quarter ended March 31, 2024, the certificate deposit scheme, which allows a one-time investment of a minimum Rs 1,000, and any amount in multiples of Rs 100 thereof without any upper limit, offers an annual return of 7.5 per cent compounded annually, according to the India Post website, indiapost.gov.in.

A peculiar feature of this small savings scheme is that it doubles the original amount invested upon maturity, which stands at 115 months (nine years and seven months). This essentially means that the minimum investment of Rs 1,000 in the scheme grows into Rs 2,000 in the maturity period.

Meanwhile, The government has maintained the interest rate applicable to the Kisan Vikas Patra (KVP) scheme at 7.5 per cent per annum, compounded annually, for the quarter ending June 30, 2024.

Here are a few examples to illustrate how the one-time investment in a post office KVP plan grows every passing year until the total maturity period of 115 months.

Rs 9,999 investment

Period	Kisan Vikas Patra
End of first year	Rs 10,749
End of second year	Rs 11,555
End of third year	Rs 12,422
End of fourth year	Rs 13,353
End of fifth year	Rs 14,355
End of sixth year	Rs 15,431.5
End of seventh year	Rs 16,589
End of eighth year	Rs 17,833
End of ninth year	Rs 19,170.5
End of nine years and seven months	Rs 19,998*
* Maturity

Rs 14,999 investment

Period	Kisan Vikas Patra
End of first year	Rs 16123.925
End of second year	Rs 17333.219375
End of third year	Rs 18633.210828125
End of fourth year	Rs 20030.70164023438
End of fifth year	Rs 21533.00426325195
End of sixth year	Rs 23147.97958299585
End of seventh year	Rs 24884.07805172054
End of eighth year	Rs 26750.38390559958
End of ninth year	Rs 28756.66269851955
End of nine years and seven months	Rs 29,998*
* Maturity

Rs 24,999 investment

Period	Kisan Vikas Patra
End of first year	Rs 26873.925
End of second year	Rs 28889.469375
End of third year	Rs 31056.179578125
End of fourth year	Rs 33385.39304648438
End of fifth year	Rs 35889.2975249707
End of sixth year	Rs 38580.99483934351
End of seventh year	Rs 41474.56945229427
End of eighth year	Rs 44585.16216121634
End of ninth year	Rs 47929.04932330756
End of nine years and seven months	Rs 49,998*
* Maturity

The amounts at the end of different periods mentioned above are only to understand how the money grows gradually till the investor reaches the end of the maturity period, and are not the amount the investor gets in case the premature withdrawal option is exercised.

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Rs 9,999 Kisan Vikas Patra investment delivers Rs 9,998 return in 115 months; see how money grows each year in this guaranteed income certificate scheme

Rs 9,999 investment

Rs 14,999 investment

Rs 24,999 investment

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