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of <h1>Kisan Vikas Patra and National Savings Certificate shift to electronic and pass-book modes from July 1, 2016.</h1> The circular addresses the revision of procedures for issuing Kisan Vikas Patra (KVP) and National Savings Certificate (NSC) from July 1, 2016. Pre-printed certificates will be discontinued, transitioning to electronic and pass-book modes. The exclusive e-mode is preferred, but customers can choose their preferred mode. Physical pass-books require a signature and can be pledged or transferred with due diligence. Serial numbers will be replaced by account numbers, and denomination restrictions are removed. Non-CBS offices will issue certificates in pass-book mode until they migrate to CBS. Amendments to relevant rules will follow, and monitoring of issuance will be conducted.
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