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KVP interest rate

The KVP interest rate is 7.5% for October to December 2026. What it earns on your money, when the rate is next revised, and the full rate history.

October to December 2026Best for: Doubling a lump sum, government-backedChecked 21 October 2026
Current rate7.5%a year · compounded yearly, doubles your money
In effect since1 April 2023Previous 7.2% · +0.3%
₹1 lakh invested today₹2,00,000after 115 months (9 years 7 months)

Rate history

Every change since 1 April 2020. Ministry of Finance, every quarter.

In effect fromRateChange
1 April 2023Current7.5%+0.3%
1 January 20237.2%+0.2%
1 October 20227.0%+0.1%
1 April 20206.9%–
The rates for January to March 2027 are due to be announced by 31 December 2026.

Key facts

Who can open
Any resident adult, also for a minor
Deposit
From ₹1,000, no upper limit
Term
Doubles in 115 months; can be cashed after 30 months
Tax
Interest taxable; no tax deduction

Run your numbers

Other rates

All interest rates →

About the KVP rate

How the rate is set

The Ministry of Finance reviews small savings rates every quarter, broadly in line with government bond yields of similar maturity, and announces them just before each quarter begins.

Rate: 7.5% a year, compounded yearly, doubles your money.

Open the KVP calculatorKisan Vikas Patra doubling period. Uses the current rate by default.Open the calculator

Frequently asked questions

What is the current KVP interest rate?

7.5% (October to December 2026). It has applied since 1 April 2023.

When will the KVP rate change next?

The rates for January to March 2027 are due to be announced by 31 December 2026.

What was the previous KVP rate?

7.2%, from 1 January 2023 until 1 April 2023.

Does a rate change apply to my existing KVP?

No. The rate on the day you invest is locked in for the full term of the deposit.

Sources