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of <h1>Kisan Vikas Patra 2019 premature account closure rules: allowed cases and simple interest payout, with table after 2.5 years</h1> Para 6 prescribes when and how a Kisan Vikas Patra Scheme, 2019 account may be prematurely closed. Premature closure is permitted before maturity only on the death of the holder (single) or any/all holders (joint), on forfeiture by a pledgee who is a Gazetted Officer, or pursuant to a court order, enabling early encashment in those specified contingencies. On such closure, the payable amount is the principal plus simple interest at the Post Office Savings Account rate for complete months held, unless closure occurs after 2 years and 6 months from opening, in which case the amount payable (inclusive of interest) is fixed by the applicable table based on the account's opening period and the time elapsed, thereby standardising encashment values.
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