Kisan Vikas Patra withdrawal value Table 2020

Kisan Vikas Patra Table 2020 and Kisan Vikas Patra Maturity Value Table 2020 showing premature closure value of account opened between 12th December 2019 to 31st March 2020 and after 1st April 2020 (both days inclusive) with 1000 rupees

MINISTRY OF FINANCE
(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 5th May, 2020

G.S.R. 283(E).—In exercise of the powers conferred by section 3A of the Government Savings Promotion Act,1873 (5 of 1873), the Central Government hereby makes the following Scheme to amend the Kisan Vikas Patra Scheme, 2019, namely:-

(1) This Scheme may be called the Kisan Vikas Patra (Amendment) Scheme, 2020.

(2) They shall be deemed to have come into force on the 1st day of April, 2020.

2.In the Kisan Vikas Patra Scheme, 2019 (hereinafter referred to as the said Scheme), in paragraph 5, for subparagraph (1), the following sub-paragraph shall be substituted, namely:-

“(1) The maturity period of an account opened between 12th December, 2019 to 31st March, 2020 (both days inclusive) shall be nine years and five months. Deposit made in the account shall double on maturity. Amount of maturity may be repaid to the account holder on an application in Form 2
submitted to the Accounts office.

(1A) Maturity period of an account opened on or after the 1st day of April, 2020 shall be ten years and four months. Deposit made in the account shall double on maturity.”

3. In the said Scheme, in paragraph 6, in sub-paragraph (3),-

(a) the words, brackets and figures “(Table showing premature closure value of account opened on or after date of notification with 1000 rupees)” shall be omitted;

(b) for the TABLE, the following TABLES shall be substituted, namely:-

“TABLE-1
[Table showing premature closure value of account opened between 12th December 2019 to 31st March 2020 (both days inclusive) with 1000 rupees]

TABLE-2
[Table showing premature closure value of account opened on or after the 1st day of April, 2020 with 1000 rupees]

[F. No. 1/4/2019-NS]
RAJAT KUMAR MISHRA, Jt. Secy

Note: The principal Scheme was published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i) vide notification number G.S.R. 920(E), dated the 12th December, 2019.