Kisan Vikas Patra permits purchase in specified denominations with five-and-half-year maturity and conditions for premature encashment. The Kisan Vikas Patra Rules, 1988 set authorised denominations and three certificate types, prescribe purchase and payment modes, issue timing tied to payment realisation, and provide identity slips. They fix a five-and-half-year maturity with a specified payable schedule and permit premature encashment only on limited grounds with tiered payment rules. Administrative rules govern duplicate issuance on loss or mutilation with indemnity or guarantee, encashment verification at non-issuing post offices, post office non liability for fraudulent encashment, clerical rectification without financial loss, and a power to relax provisions for undue hardship.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Kisan Vikas Patra permits purchase in specified denominations with five-and-half-year maturity and conditions for premature encashment.
The Kisan Vikas Patra Rules, 1988 set authorised denominations and three certificate types, prescribe purchase and payment modes, issue timing tied to payment realisation, and provide identity slips. They fix a five-and-half-year maturity with a specified payable schedule and permit premature encashment only on limited grounds with tiered payment rules. Administrative rules govern duplicate issuance on loss or mutilation with indemnity or guarantee, encashment verification at non-issuing post offices, post office non liability for fraudulent encashment, clerical rectification without financial loss, and a power to relax provisions for undue hardship.
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