The Kisan Vikas Patra is a government-backed savings scheme meant exclusively for the farming community in India. The savings certificate is designed to offer long term savings benefits to farmers, and being backed by the government, the returns are more or less assured. The Kisan Vikas Patra is ideal for all farmers looking toward a good and safe savings instrument for their short or long term financial goals.
Since the scheme is most likely to benefit the rural populace, the process of investments in the scheme are also hassle-free and require minimal formalities. A farmer can simply approach the nearest Post Office and deposit the amount that he wishes to save. The Post Office then provides a deposit certificate indicating the amount and details of the subscriber.
How to get duplicate certificate?
In case of lost or destroyed certificates, the deposit holder has the option to go for a duplicate certificate that will hold the same value as the original certificate. Getting the duplicate certificate is very important, as there is no other way to claim the Kisan Vikas Patra deposit funds than the deposit certificate. A duplicate certificate is essential for keeping the deposits relevant and claimable.
The process of creating a deposit account under this scheme is pretty simple. Any adult farmer or a minor under the guardianship of an adult can make deposits under the Kisan Vikas Patra. The process can be completed by approaching a nearby post office.
If the original certificate cannot be produced while making claims, you can choose to go for a duplicate certificate. This duplicate is compulsory to receive funds if the original has been misplaced. The process for getting a duplicate involves going to the Post Office and registering a request for the duplicate certificate. Once the request has been registered, the Post Office will do relevant background checks and verify if the information is correct. The Post Office also needs to consult with the bank before giving out the duplicate certificate. On completion of the verification process, the member will receive a duplicate certificate.
The duplicate can be claimed from any Post Office and not necessarily the branch where the original application was made. The original branch will provide all relevant details about your deposit and identity to the branch where the application for the duplicate has been made. When the identity of the depositor has been established by the Post Office, the duplicate will be issued after the issuance of indemnity bond or bank declaration that verifies the account holder from the bank’s perspective.
Documents required to get duplicate KVP certificate
To get the duplicate certificate, you need to fill and submit Form – NC29 as well as a photocopy of the original certificate or a statement showing details like amount, number and date of deposit. You will also need to denote the cause of asking for a duplicate certificate. FIR copy in case of lost, stolen or destroyed certificate will be required.
Residence proof, ID proof, passport size photograph, surety ID document and payment receipt are some other documents that should be submitted.