Kisan Vikas Patra and National Savings Certificate to be issued in electronic form, paper certificates to discontinue

In the latest, Kisan Vikas Patra and National Savings Certificate will be issued in electronic form from now onwards as government has decided to discontinue the system of pre-printed paper certificates

Kisan Vikas Patra and National Savings Certificate to be issued in electronic form, paper certificates to discontinue

Zee Media Bureau

New Delhi: In the latest, Kisan Vikas Patra and National Savings Certificate will be issued in electronic form from now onwards as government has decided to discontinue the system of pre-printed paper certificates.

“It was decided that the currently existing system of physical pre-printed certificates for KVP and NSC shall stand discontinued w.e.f April 1, 2016 and shall be replaced by National Savings Certificate/ Kisan Vikas Patra certificate on electronic – mode (e-mode),” the Finance Ministry said in an office memorandum.

However, till the Core Banking System transits to that e-mode, banks and post offices may choose to issue a physical certificate recorded on a passbook, it added.

(With Agency Inputs)