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of <h1>Kisan Vikas Patra 2019 rules on account types, deposits, maturity and premature closure, plus pledging and nominee transfers</h1> The Kisan Vikas Patra Scheme, 2019 prescribes the terms for opening and operating Kisan Vikas Patra accounts, including eligibility and account types (single holder and two categories of joint accounts), permitted deposits (minimum deposit and multiples, no maximum, and unlimited number of accounts), and maturity benefits (deposit doubles on maturity after nine years and five months, with maturity determined by the interest rate applicable at account opening). It restricts premature closure to specified events (death, forfeiture by pledgee, or court order) and prescribes the amount payable on such closure, including a scheduled value for closure after two years and six months. It permits pledging/transfer as security to specified institutions and regulates transfer on death or court order, including payment to nominees/legal heirs and continuation options.
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