Kisan Vikas Patra: maturity set at ten years three months and deposits double on maturity. The Scheme amendment, effective 1 October 2022, sets the maturity period for accounts opened on or after that date at ten years and three months and provides that deposits shall double on maturity. It replaces earlier 'on or after 1 April 2020' wording with the transitional span 1 April 2020-30 September 2022 where applicable, and inserts a premature-encashment table specifying amounts payable per Rs.1000 for successive half-year bands up to maturity (Rs.2000).
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: maturity set at ten years three months and deposits double on maturity.
The Scheme amendment, effective 1 October 2022, sets the maturity period for accounts opened on or after that date at ten years and three months and provides that deposits shall double on maturity. It replaces earlier "on or after 1 April 2020" wording with the transitional span 1 April 2020-30 September 2022 where applicable, and inserts a premature-encashment table specifying amounts payable per Rs.1000 for successive half-year bands up to maturity (Rs.2000).
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