{"id":11214,"date":"2019-04-27T12:42:53","date_gmt":"2019-04-27T07:12:53","guid":{"rendered":"https:\/\/www.apnaplan.com\/?p=11214"},"modified":"2020-01-02T18:08:34","modified_gmt":"2020-01-02T12:38:34","slug":"kvp-interest-rate","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/kvp-interest-rate\/","title":{"rendered":"KVP Interest Rate 2020"},"content":{"rendered":"\n

What is the interest rate on KVP (Kisan Vikas Patra)<\/strong> for 2020? How and when the interest rates of KVP set? We try to answer these common queries in this post.<\/p>\n

Kisan Vikas Patra (KVP)<\/strong><\/span> is a deposit scheme by Government of India where the investor deposits the money and gets back double of the same at the time of maturity<\/strong>.\u00a0<\/p>\n

How and when does the interest rates change?<\/h2>\n

Starting April 2016, Government of India announces interest rate on small saving schemes including KVP,\u00a0<\/strong> NSC, Senior Citizen Savings Scheme, PPF, Sukanya Samriddhi Account, Post Office Fixed and Recurring Deposits every quarter<\/strong>. This is done to keep these interest rates in sync with the market rates.<\/p>\n

The good thing about KVP <\/strong>is unlike PPF or Sukanya Samriddhi \u00a0once invested the interest rate remains unchanged over the tenure of the deposit.<\/strong><\/p>\n

The table below shows the interest reset schedule:<\/p>\n

\"Quarterly
Quarterly Interest Reset Schedule for Small Savings <\/strong>Schemes<\/b><\/figcaption><\/figure>\n
\n

Also Read:<\/strong>\u00a0Best Tax Saving Investments u\/s 80C<\/a><\/p>\n<\/blockquote>\n

KVP Interest Rate:<\/h2>\n

Interest Rate:<\/strong> Government of India declares the interest rates every quarter. The interest rates for Jan to Mar 2020 is 7.6% compounded annually.<\/strong><\/p>\n

Maturity Period:<\/strong> Depending on the interest rate the maturity tenure changes as its dependent on the months it takes to double the money. For Jan to Mar 2020 the maturity tenure is 113 months<\/strong> with interest rate of 7.6%.<\/p>\n

For Kisan Vikas Patra, you may many times just find the maturity period rather than interest rate.<\/strong>\u00a0The table below gives the details of KVP interest rates (& maturity period) over the years<\/p>\n<\/colgroup>\n\n\n\n\n\n\n
Financial year<\/strong><\/td>\nApr \u2013 Jun<\/strong><\/td>\nJul \u2013 Sep<\/strong><\/td>\nOct \u2013 Dec<\/strong><\/td>\nJan \u2013 Mar<\/strong><\/td>\n<\/tr>\n
2019 \u2013 20<\/strong><\/td>\n7.70% (mature in 112 months)<\/td>\n7.60% (mature in 113 months)<\/td>\n7.60% (mature in 113 months)<\/td>\n7.60% (mature in 113 months)<\/td>\n<\/tr>\n
2018 \u2013 19<\/strong><\/td>\n7.80% (mature in 110 months)<\/td>\n7.80% (mature in 110 months)<\/td>\n7.80% (mature in 110 months)<\/td>\n7.70% (mature in 112 months)<\/td>\n<\/tr>\n
2017 \u2013 18<\/strong><\/td>\n7.60% (mature in 113 months)<\/td>\n7.50% (mature in 115 months)<\/td>\n7.50% (mature in 115 months)<\/td>\n7.80% (mature in 110 months)<\/td>\n<\/tr>\n
2016 \u2013 17<\/strong><\/td>\n7.80% (mature in 110 months)<\/td>\n7.80% (mature in 110 months)<\/td>\n7.70% (mature in 112 months)<\/td>\n7.70% (mature in 112 months)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n

Also Read:<\/strong> Kisan Vikas Patra – Eligibility, Features & Maturity<\/a><\/p>\n<\/blockquote>\n

Before Quarterly Reset of Interest Rates:<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Time Period<\/strong><\/td>\nInterest Rate<\/strong><\/td>\nMaturity Duration<\/strong><\/td>\n<\/tr>\n
23 Mar 1988 to 23 Apr 1992<\/td>\n13.43%<\/td>\n66 Months<\/td>\n<\/tr>\n
24 Apr 1992 to 1 Sep 1993<\/td>\n14.87%<\/strong><\/td>\n60 Months<\/td>\n<\/tr>\n
2 Sep 1993 to 31 Dec 1998<\/td>\n13.43%<\/td>\n66 Months<\/td>\n<\/tr>\n
1 Jan 1999 to 14 Jan 2000<\/td>\n12.25%<\/td>\n72 Months<\/td>\n<\/tr>\n
15 Jan 2000 to 28 Feb 2001<\/td>\n11.25%<\/td>\n80 Months<\/td>\n<\/tr>\n
1 Mar 2001 to 28 Feb 2002<\/td>\n10.03%<\/td>\n87 Months<\/td>\n<\/tr>\n
1 Mar 2002 to 28 Feb 2003<\/td>\n9.46%<\/td>\n92 Months<\/td>\n<\/tr>\n
1 Mar 2003 to 30 Nov 2011<\/td>\n8.41%<\/td>\n103 Months<\/td>\n<\/tr>\n
1 Dec 2011 to 17 Nov 2014<\/td>\nX<\/td>\nDiscontinued<\/td>\n<\/tr>\n
18 Nov 2014 to 31 Mar 2016<\/td>\n8.70%<\/td>\n100 Months<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/div>\n
\"KVP
KVP Interest Rate<\/strong><\/figcaption><\/figure>\n

KVP \u2013 Investment Rules<\/h2>\n