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of <h1>Physical NSC and KVP Discontinued Since April 2016; Transition to E-Mode Ongoing with Passbook Recording Allowed.</h1> The physical issuance of National Savings Certificate (NSC) and Kisan Vikas Patra (KVP) was discontinued effective April 1, 2016, transitioning to an electronic mode (e-mode). Until the Core Banking Solution (CBS) system fully transitions, banks and post offices may issue physical certificates recorded on a passbook. New serial numbers for KVP and NSC were allocated to banks and the Department of Posts, with instructions to use specific notifications dated March 29, 2016, for issuing these certificates. These notifications are accessible on the government's e-gazette platform.
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