Glossary term
KVP
Post Office savings certificate that doubles your money in a fixed time at the current rate — no tax benefit.
Kisan Vikas Patra (KVP) is a Post Office savings certificate that doubles your money in a fixed period determined by the current rate. At 7.5%, money doubles in roughly 115 months (~9.7 years).
KVP has no 80C eligibility, and interest is fully taxable. It's useful mainly for people who want absolute safety + simplicity without taxation incentives.
See also