Kisan vikas patra rules 2014 notified by government. The post office heavily relied on the kisan vikas patra rules, 1988, where rule 8 2 provided that where payment for the purchase of a certificate is. This is provided in the form of a saving certificate where the amount that is invested will double in 8 years 4 months 100 months time. The organization that introduced this investment scheme was india post. The provisions of the post office savings certificate rules, 1960 shall, so far as. The scheme provided facility of unlimited investment by way of purchase of certificates from post offices in various denominations. The kisan vikas patra is a savings scheme certificate that can be purchased from india post. Return, minimum investment rules and other details. Certificates act, 1959 46 of 1959 and in supersession of the kisan vikas patra rules, 1988 except as. Kisan vikas patra is a saving certificate which was first launched in 1988. Here are the full revised kisan vikas patra rules 2014 gsa 705e.
Title and commencement all rules with regard to this scheme will be called the kisan vikas patra rules, 2014 and will come into force the day they are published in. Kisan vikas patra was a very popular investment scheme amongst the investor which was discontinued wef 30. The kisan vikas patra usually abbreviated as kvp was introduced back in 1988. Kisan vikas patra kvp is a saving instrument that provides interest income similar to bonds. Kvp kisan vikas patra notes ibps rrb banking gk pdf. India post introduced the kisan vikas patra as a small saving certificate scheme in 1988. First launched in 1988, the kisan vikas patra kvp is one of the premier and popular saving scheme offering from the indian postal department. It was successful in the early months but afterwards the government of india set up a committee under supervision of shyamala gopinath which gave its recommendation to the government that kvp could be misused. Kisan vikas patra kvp has been reintroduced in budget 2014 which was earlier discontinued in the year 2011. Kisan vikas patra it is a saving certificate scheme which was first launched in 1988 by india post. How to transfer a kisan vikas patra kvp certificate.
Signaturethumb impression date signature and address of address witness to nomination. Kisan vikas patra is a certificate scheme that doubles a one time investment in a period. It was discontinued in 2011 on recommendation of a government committee led by shayamla gopinath, on fear of misuse of the scheme for money laundering. This is provided in the form of a savings certificate where that amount that is invested will double in 100 months from then i. The reintroduction of kisan vikas patra kvp by the government of india will provide an opportunity for millions of people to invest in longterm savings plan. Hence the government of india decided to close this scheme and kvp was closed in 2011 and. According to the scheme, the invested amount doubles in eight years. Kvp kisan vikas patra april 1988 2011, november 2014 kvp ibps rrb notes. The certificatesidentity slip may be made over to myour agent authority no. Kisan vikas patra kvp a certificate savings scheme was launched by the government on 1st april, 1988. Kisan vikas patra is a saving certificate scheme which was first launched in 1988 by india post. Signature and address signaturethumb impression of investor of witness to nomination. The kisan vikas patra shall be issued in denominations of.
The gazette of indiaextraordinary gazettepublished by the directorate of printing, department of publication, ministry of housing and urban affairs, government. Indira vikas patra rules, 1986, kisan vikas patra rules, 1988 and national savings certificates viii issue rules, 1989. The directorate of small savings government of india authorized our bank to sell these saving certificates. Division thirteen capital gains accounts scheme, 1988 u. Kvp scheme in the year 2014, a specified set of guidelines and rules has. Kisan vikas patra kvp kisan vikas patra is a saving scheme that was announced by the govt. One of the primary reasons for the introduction of this scheme was that small investors from semiurban and rural areas, who didnt have access to grand investment schemes usually available to.
After the relaunch of the kisan vikas patra scheme, the central government of india has issued the following kisan vikas patra rules and guidelines with regard to the same. Initially successful, it was later deemed to be a produc. With few amendments and improvisation, it was relaunched in 2014 to encourage longterm financial investment. Kisan vikas patra was popular among many rural indians but was earlier discontinued. Kisan vikas patra kvp investment will double in 100. In exercise of the powers conferred by section 12 of the government savings certificates act, 1959 46 of 1959 and in supersession of the kisan vikas patra rules, 1988 except as respects things done or omitted to be done before such supersession, the central government hereby makes the following rules, namely. Kisan vikas patra intrest rate, benefits, required documents in hindi. Just like any other savings certificate, the kisan vikas patra is a certificate that can be purchased from india post. Hence the government of india decided to close this scheme and kvp was closed in 2011. Kisan vikas patra rules, 1988 tax management india. Kisan vikas patra kvp is small saving certificate which helps small investors to mobilize their savings in long term plan. This was because the farmers for whom it was intended was not getting benefited. In 1988 government of india introduced this scheme. Launched in the year 1988 by indian post, kisan vikas patra is a savings.
In exercise of the powers conferred by section 12 of the government saving certificates act, 1959 46 of 1959 and in suppression of the kisan vikas patra rules, 1988 except as respects things done or omitted to be done before such supersession, the central government. Kisan vikas patra tax on interest income tax forum. The kisan vikas patra which is a fixed income earning instrument and on which fixed interest is paid can be purchased from any post office across india. This scheme was first launched by india post in 1988. Iwe hereby agree to abide by the kisan vikas patra rules, 1988. Rule 6 of the kisan vikas patra rules, 1988, article 226 constitution of india. Kisan vikas patra rules iv, 1988 downloadable pdf kisan vikas patra rules iv, 1988 by latest laws team on scribd. How to file return for housewife having saving and fd interest.
The documents to be issued to subscribers as evidence of the subscriptions. Vikas patra rules, 1988 and national savings certificates viii issue rules, 1989. In 2011 a government committee was formed who suggested that kisan vikas patra kvp could be subjected to. Maturity period and interest rate on kisan vikas patra kvp the maturity period of the kisan vikas patra is 9 years and 10 months and on maturity the amount invested gets doubled. Kisan vikas patra is a small saving certificate scheme of indian post office which was introduced in 1988, but was discontinued in 2011. Iwe hereby submit copies of following documents relating to my. Government of india decided to close this scheme thought of people can misuse this and kvp was closed in 2011 and the new government relaunched it in 2014. Pages in category 1988 introductions the following 14 pages are in this category, out of 14 total. Certificates act, 1959 46 of 1959 and in supersession of the kisan vikas patra rules, 1988 except as respects things done or omitted to be done before such supersession, the central government hereby makes the following rules, namely.
Iwe hereby submit copies of following documents relating to my identification and. If you want to continue this discussion or have a follow up question, please post it on the network. How to fill itr for ksc interest kisan vikas patra youtube. It is a fixed rate small savings scheme designed to double your investment after a predetermined period of time 1 months in the currently available issue. Table period from the date of the certificate to the date. Kisan vikas patra kvp is a savings scheme available at india post offices in the form of certificates. Realisation of cheque is payment date the financial express. If the kisan vikas patra kvp is lost, stolen, destroyed, mutilated or defaced, the rightful owner of such kvp may apply for the issue of a duplicate kvp to the post master of post office, where the certificate is registered or issued. Steps to invest in kisan vikas patra and documents required. Some people have a misconception that only a farmer can invest money in kisan vikas patra. Kisan vikas patra rules, 2014 national savings institute. The scheme was initially launched in 1988 by india post. Kisan vikas patra rules, 1988 downloadable pdf kisan vikas patra rules, 1988 by latest laws team on scribd.
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