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KVP (Kisan Vikas Patra) Scheme & Rules, 2019


NOTIFICATION No. G.S.R. 920(E) dated 12th December 2019

In exercise of the power conferred by Section 3 of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following scheme, namely:-

KVP 2019 Rule 1. Short title and commencement

KVP 2019 Rule 2. Definitions

(1) In this scheme, unless the context otherwise requires.

(2) Words and the expressions used herein but not defined shall have the meanings respectively assigned to them in the Act and the General Rules.

KVP 2019 Rule 3. Type of accounts

KVP 2019 Rule 4. Deposits

KVP 2019 Rule 5. Payment on Maturity

KVP 2019 Rule 6. Premature closure of account

KVP 2019 Rule 7. Pledging of account

KVP 2019 Rule 8. Transfer of account

An account may be transferred from one individual to another, subject to the condition that the transferee is eligible to open an account under this Scheme, in the following cases, namely:-

KVP 2019 Rule 9. Payment on the death of account holder

KVP 2019 Rule 10. Application of General Rules

KVP 2019 Rule 11. Power to relax

Updated : Dec 16, 2019