Kisan Vikas Patra amended to set ten-year maturity and fixed premature encashment values for accounts opened Jan 1, 2023. The amendment prescribes a ten-year maturity period for Kisan Vikas Patra accounts opened on or after 1 January 2023, with deposits doubling on maturity, and inserts TABLE-4 fixing premature encashment values for specified half-year periods; it also confines certain transitional wording to the period between 1 October 2022 and 31 December 2022 and deems the scheme effective from 1 January 2023.
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Provisions expressly mentioned in the judgment/order text.
Kisan Vikas Patra amended to set ten-year maturity and fixed premature encashment values for accounts opened Jan 1, 2023.
The amendment prescribes a ten-year maturity period for Kisan Vikas Patra accounts opened on or after 1 January 2023, with deposits doubling on maturity, and inserts TABLE-4 fixing premature encashment values for specified half-year periods; it also confines certain transitional wording to the period between 1 October 2022 and 31 December 2022 and deems the scheme effective from 1 January 2023.
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