TaxTMI 
TaxTMI 
Kisan Vikas Patra Scheme, 2019
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.... in the account. (2) Words and expressions used herein but not defined shall have the meanings respectively assigned to them in the Act and the General Rules. 3. Type of accounts.- (1) On an application to the accounts office in Form-1, the following types of accounts can be opened under the Scheme, namely :- (a) Single Holder Type Account; (b) Joint A- Type Account; and (c) Joint B- Type Account. (2) (a) A Single Holder Type Account may be opened by an adult for himself, or on behalf of a minor or a person of unsound mind of whom he is the guardian, or by a minor who has attained the age of ten years; (b) Joint A-Type Account may be opened jointly in the names of upto three adults payable to all the account holders jointly or to the survivors; (c) Joint B-Type Account may be opened jointly in the name of upto three adults payable to any of the account holders or to the survivor or survivors. 4. Deposits.- (1) A minimum of one thousand rupees and any sum in multiples of one hundred rupees may be deposited in an account. (2) There shall be no maximum limit for deposit in an account or in accounts held by an account holder. (3) An in....
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....an eight and half years 1667 Eight and half years but less than nine years 1722 Nine years but before Maturity of Certificate 1778 On maturity of certificate 2000 7. Pledging of account.- (1) An account may be pledged or transferred as security, on an application made by the depositor in Form-4 supported with acceptance letter from the pledgee. (2) Transfer of an account under this Scheme may be made to- (a) the President of India or the Governor of a State in his official capacity; (b) the Reserve Bank of India or a Scheduled Bank or a Cooperative Society, including a Co-operative Bank; (c) a public or private corporation or a Government company; (d) a local authority; or (e) a housing finance company approved by the National Housing Bank and notified by the Central Government: Provided that the transfer of an account opened on behalf of a minor or a person of unsound mind shall not be permitted under this Scheme unless the guardian of the minor or the person of unsound mind, as the case may be, certifies in writing that the minor or the person of unsound mind, as the case may be, is alive and that the tran....
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....eceive the amount of deposit alongwith interest on maturity in the manner provided for in this scheme, as if they had opened the account themselves. (3) Where the account is not continued under sub-paragraph (2), it shall be closed and the amount of deposit alongwith interest as provided in paragraph 6 shall be repaid. (4) On the death of one or two of the account holders in a joint account, the surviving account holder or holders, if any, shall be treated as the owner or owners of the account and such account holder or holders may continue the account under sub-paragraph (2) or close the account under sub-paragraph (3). 10. Application of General Rules.- The provisions of the General Rules shall, so far as may be, apply to this Scheme in relation to the matters for which no provisions have been made herein. 11. Power to relax.- Where the Central Government is satisfied that the operation of any of the provisions of this Scheme causes undue hardship to the amount holder, it may be 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 or the rules made thereunder. [F.No. 2/....
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.... Guardian for Minor or person of unsound mind or blind or differently abled through authorized person. 10. (*) Details of date of birth of minor ___________________________ (Applicable in case of minor account) a) Certificate No. ___________________________ b) Date of Issue ___________________________ c) Issuing authority ___________________________ 11. (*) Name of guardian (natural/legal) ____________________ (In case the account is opened on behalf of a minor/person of unsound mind) 12. Details of other KYC documents attached 1. Proof of identification ___________________________ 2. Address proof ___________________________ The following documents are accepted as officially valid documents for the purpose of identification and address proof: 1. Passport 2. Driving license 3. Voter's ID card 4. Job card issued by NREGA signed by the State Government officer 5. Letter issued by the National Population Register containing details of name and address; 13. The operation of the account will be:- (a) By all the holders....
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....(name of the scheme) vide Account No.__________________________ dated______________________________. Customer identification Number_________________ Nomination has been registered vide No_________________ dated_______________ Signature and seal of competent authority. FORM - 2 [See sub-paragraph (1) of paragraph 5] (Application for closure of account) Name of Post Office/Bank__________________________ Date________________ Account Number_________________________ 1. I/we hereby submit pass book/deposit receipt and apply for closure of my/our above mentioned account matured on_______________. 2. Please credit the amount of eligible balance in my matured account to my SB Account no._____________________ standing at___________________(Name of account office). or Please issue a Demand Draft/account payee cheque or Please pay in cash (applicable if the amount is below permissible limit). *Certified, that the amount held in the account is required for the use of _______________who is alive and still a minor. Signature or thumb impression of account holder(s)/guardian (Thumb impression should be attested by a person known to accounts ....