The Finance Ministry on Monday, March 30, 2026, announced the Kisan Vikas Patra (KVP) interest rate, along with other small savings schemes, for the April-June quarter of FY 2026-27.

The government has kept the KVP interest rate unchanged at 7.5% for the April-June quarter of the new financial year starting April 1.

The Kisan Vikas Patra interest rate for the January-March quarter of FY 2025-26 was announced by the ministry on December 31, 2025. The Government had then also kept the KVP interest rate unchanged at 7.5%.

Moreover, the KVP interest rate has remained unchanged at 7.5% since April 1, 2023.

Doubles investment in 115 months

The KVP scheme is popular among small investors interested in a safer way to double their investment. At the current 7.5% interest rate, your investments in a KVP account can double in 115 months (9 years and 7 months).

The amount once deposited in a KVP account can be withdrawn only on maturity. However, you are allowed to apply for premature closure under certain conditions.

Who can open a KVP account?

An account under the KVP scheme can be opened in the post office by the following:

• Single adult: The account can be opened by an individual adult.

• Joint account: A joint account can be opened by up to three adults.

• Guardian: A guardian can open the account on behalf of a minor or a person of unsound mind.

• Minor: A minor above 10 years can open the account in their own name.