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.

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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.