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Section 3: Type of accounts

Kisan Vikas Patra Scheme 2019Central Rules · 1873

(1) On an application to the accounts office in Form-1, the following types of accounts can be opened under the Scheme, namely :-

(a) Single Holder Type Account;

(b) Joint A- Type Account; and

(c) Joint B- Type Account.

136 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]

(2) (a) A Single Holder Type Account may be opened by an adult for himself, or on behalf of a minor or a person of unsound mind of whom he is the guardian, or by a minor who has attained the age of ten years;

(b) Joint A-Type Account may be opened jointly in the names of upto three adults payable to all the account holders jointly or to the survivors;

(c) Joint B-Type Account may be opened jointly in the name of upto three adults payable to any of the account holders or to the survivor or survivors.

Where this provision sits

ActKisan Vikas Patra Scheme 2019
Section3
Marginal noteType of accounts
JurisdictionCentral
StatusIn force as published by the source

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