MINISTRY OF FINANCE
(Department of Economic Affairs)
New Delhi, the 29th March, 2016
G.S.R. 353(E).–In exercise of the powers conferred by section 12 of the Government Savings Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the following rules to amend the Kisan Vikas Patra Rules, 2014, namely:—
1. (1) These rules may be called the Kisan Vikas Patra (Amendment Rules), 2016.
(2) They shall deemed to have come into force on the 1st day of April, 2016.
2. In the Kisan Vikas Patra Rules, 2014 (hereinafter referred to as the said rules), in rule 16, in sub-rule (1), for the words eight years and four months, the words nine years and two months shall be substituted.
3. In the said rules, in rule 17, in sub-rule (3), the premature encashment value of Certificates purchased on or after 1.4.2016 but on or before 30.6.2016 shall be:-
|Period from the date of the certificate to the date of its encashment||Amount payable inclusive|
of interest (Rupees)
|Two and half years but less than three years||1180|
|Three years but less than three and half years||1220|
|Three and half years but less than four years||1261|
|Four years but less than four and half years||1303|
|Four and half years but less than five years||1347|
|Five years but less than five and half years||1392|
|Five and half years but less than six years||1439|
|Six years but less than six and half years||1487|
|Six and half years but less than seven years||1537|
|Seven years but less than seven and half years||1589|
|Seven and half years but less than eight years||1643|
|Eight years but less than eight and half years||1698|
|Eight and half years but less than nine years||1755|
|Nine years but before the maturity of Certificate||1814|
|On maturity of certificate||2000|
[F. No. 1/4/2016-NS-II]
PRASHANT GOYAL, Jt. Secy.
Note : The principal rules were published vide G.S.R. 705(E), dated the 23rd September, 2014.