How to calculate KVP (Kisan Vikas Patra) premature closure amount

[IndiaInsurance]

https://img.etimg.com/photo/95734044.cms (https://economictimes.indiatimes.com/wealth/save/how-to-calculate-kvp-kisan-vikas-patra-premature-closure-amount/articleshow/95734044.cms)As of now, KVP now provides a compounded annual interest rate of 7%. At the present interest rate, this little savings strategy will take 123 months, or 10 years and three months, to double your money.

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