TaxTMI 
TaxTMI 
Kisan Vikas Patra Rules, 1988
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.... (i) "Act" means the Government Savings Certificates Act, 1959 (46 of 1959); (ii) "cash" means cash in Indian currency; (iii) "certificate" means the Kisan Vikas Patra; (iv) "post office" means any departmental post office in India doing Savings Bank work; (v) "identity slip" means any identity slip issued to a holder of certificate under rule 9; (vi) words and expressions used herein and not defined but defined in Post Office Savings Certificate Rules, 1960 shall have the meanings respectively assigned to them in these rules. 3. Application of Post Office Savings Certificate Rules, 1960. The provisions of Post Office Savings Certificate Rules, 1960, so far as may be, apply in relation t....
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....ese rules either in person or through his messenger or an authorised agent of the small savings schemes. (2) Payment for the purchase of a certificate may be made to a Post Office in any of the following modes, namely:- (i) by cash; or (ii) by locally executed cheque, pay order or demand draft drawn in favour of the Postmaster; or (iii) by presenting a duly signed withdrawal form or cheque together with the Pass Book for withdrawal from Post Office Savings Account standing in credit of the purchaser at the same Post Office. 8. Issue of certificates.- (1) On payment being made under rule 7, except where payment is made by a cheque, pay order or demand draft, a certificate shall be issued immediately and the d....
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....lation or defacement; (b) identity slip, if any; (4) If the Postmaster of the post office of issue is satisfied as to the loss, theft, destruction, mutilation or defacement of the certificate, he shall issue a duplicate certificate on the applicant's furnishing an indemnity bond in form laid down by Department of Posts with one or more sureties or with a bank's guarantee: Provided that where such application is made with respect to a certificate mutilated or defaced, a duplicate certificate may be issued without any such indemnity bond, surety or guarantee, if the certificate mutilated or defaced and the identity slip, if any, are surrendered and the certificate is capable of being identified as the one originally iss....
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....of one year from the date of the certificate only the face value of the certificate shall be payable and no interest shall be payable. (3) If a certificate is encashed under sub-rule (1) after the expiry of one year but before the expiry of two years and six months from the date of certificate, face value of the certificate, together with simple interest calculated at the rate applicable from time to time to accounts under Post Office Savings Account Rules, 1981 for the complete months for which the certificate has been held, shall be payable. (4) Notwithstanding anything contained in rule 12 or in sub-rule (1), if a certificate is encashed any time after expiry of two years and six months from the date of certificate the amount payab....
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....Divisions in their respective jurisdictions, may either suo motu or upon an application by any person interested in any certificate issued in pursuance of these rules, rectify any clerical or arithmetical mistakes with respect to that certificate, provided that it does not involve any financial loss to the Government or to any such person. 17. Power to relax.- Where the Central Government is satisfied that the operation of any of the provisions of these rules causes undue hardship to the holder or holders of a certificate, it may, by order, for reasons to be recorded in writing, relax the requirements of that provision in a manner not inconsistent with the provisions of the Act. FORM-A [See Rule 7] FORM OF APPLICATION ....