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)