Kisan Vikas Patra maturity extended and premature-closure valuation tables revised; deposits still double on maturity. Accounts opened between 12 December 2019 and 31 March 2020 mature in nine years and five months and accounts opened on or after 1 April 2020 mature in ten years and four months; deposits double on maturity and maturity proceeds may be repaid on application in Form 2. The amendment replaces the prior premature-closure table with two tables showing amounts payable per 1,000 rupees for the two opening-date cohorts, listing graduated payable amounts by fractional-year bands and 2,000 rupees on maturity.
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Provisions expressly mentioned in the judgment/order text.
Kisan Vikas Patra maturity extended and premature-closure valuation tables revised; deposits still double on maturity.
Accounts opened between 12 December 2019 and 31 March 2020 mature in nine years and five months and accounts opened on or after 1 April 2020 mature in ten years and four months; deposits double on maturity and maturity proceeds may be repaid on application in Form 2. The amendment replaces the prior premature-closure table with two tables showing amounts payable per 1,000 rupees for the two opening-date cohorts, listing graduated payable amounts by fractional-year bands and 2,000 rupees on maturity.
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