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of <h1>Rule 13A: Post-Maturity Interest on Kisan Vikas Patra Aligns with Savings Account Rates, No Two-Year Limit.</h1> Rule 13A of the Kisan Vikas Patra Rules, 1988, addresses post-maturity interest for amounts due under rule 12. If repayment is delayed beyond maturity, simple interest is applied from the maturity date to the repayment date. The interest rate corresponds to that of savings accounts, whether single or joint. Any period less than a month is disregarded for interest calculation. The interest is paid in a lump sum upon repayment. A prior provision limiting interest to a maximum of two years was omitted by a notification in 2011.
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