How to Open Online KVP, NSC Accounts through Post Office Internet Banking? Steps, Procedure & Process | DOP e-Banking NSC KVP Accounts Opening - Postalstudy | Post Office Blog | Materials for | Exams

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Home SOPs How to Open Online KVP, NSC Accounts through Post Office Internet Banking? Steps, Procedure & Process | DOP e-Banking NSC KVP Accounts Opening

How to Open Online KVP, NSC Accounts through Post Office Internet Banking? Steps, Procedure & Process | DOP e-Banking NSC KVP Accounts Opening

Thursday, August 18, 2022

The option for opening and closing of National Savings Certificates (NSC) (VIII Issue) Kisan Vikas Patra (KVP) is available under the ‘General Services’ tab of DOP Internet Banking.


Post Office Internet Banking user should follow the below prescribed procedure for opening and closure of NSC/KVP: -


(a) Procedure for opening of NSC/KVP through Post Office Internet Banking: -

  • Login into DOP Internet Banking
  • General Services
  • Service Requests
  • New Requests
  • NSC Account — Open a NSC Account (For NSC) and KVP Account — Open a KVP Account (For KVP)
  • Deposit Amount (Enter Amount for which NSC to be opened minimum ₹1000 and in multiple of  ₹100)
  • Debit Account (Select linked PO Saving Account)
  • Click on ‘Click Here’ to read terms and conditions and accept terms and conditions
  • Submit online
  • Enter Transaction Password
  • Submit.
  • View/Download Deposit Receipt.

Note:-

(i) Login again to view the details of NSC opened under ‘Accounts’.

(ii) NSC will be opened in the name of DOP Internet Banking user and nominee will be same as registered in linked PO Savings Account.


(b) Procedure for Closure of NSC/KVP through India Post e-Banking: -

  • Login into DOP Internet Banking
  • General Services
  • Service Requests
  • New Requests
  • Closure of NSC Account (For NSC) and Closure of KVP Account (For KVP)
  • Deposit Account (Select NSC account/K VP Account to be closed)
  • Credit Account (Select linked PO Saving Account)
  • Submit online
  • Enter Transaction Password
  • Submit.
  • View/Download Closure Receipt.


Note:

(i) Logout and login again to view the details of NSC closed Accounts.

(ii) NSC/KVP purchased on or after 01.07.2016 (i.e. in the form of passbook) can be closed under this option.

(iii) NSC/KVP issued prior to 01.07.2016 in the form of savings certificates are to be closed at the post office concerned.

(iv) Internet Banking user should check maturity date and maturity amount in the closure screen before submitting the request. In case of KVP, if date of closure is prior to maturity date, closure will be treated as premature and closure proceeds will be as per the Scheme Rule.



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