Kisan Vikas Patra (Amendment Rules), 2019

MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION

New Delhi, the 16th July, 2019

G.S.R.500(E).—In exercise of the powers conferred by section 15 of the Government Savings Promotion Act, 1873 (5 of 1873), 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), 2019.

(2) They shall deemed to have come into force on the 1st day of July, 2019.

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, “nine years and four months”, the words, “nine years and five 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 1.07.2019 but on or before 30.09.2019 shall be:-

Table showing premature encashment value of Certificate – Denomination of Rs.1,000/-

TABLE

[F. No. 1/4/2016-NS]

ARVIND SHRIVASTAVA, Jt. Secy.

Note : The principal rules were published vide G.S.R. 705(E), dated the 23rd September, 2014 and subsequently amended vide: G.S.R. 330(E), dated the 21st March, 2016, G.S.R. 353(E), dated the 29th March, 2016, G.S.R. 945(E) dated the 30th September, 2016, G.S.R. 381(E), dated the 31st March, 2017, G.S.R. 862(E), dated the 30th June, 2017, G.S.R. 1241(E), dated the 29th September, 2017, G.S.R. 29(E), dated the 1st January, 2018 and G.S.R. 955(E), dated the 28th September, 2018.