Misplaced indira vikas patra
Sanjeev Bhatt
(Querist) 17 March 2014
This query is : Resolved
I was gifted a Indira Vikas Patra on 22nd July 1991 having a maturity value of Rs 5000.
The maturity date was 22nd July 1996.
The post office which issued it is Khedipura Harda which is at least 1600 kms from my current home.
Last year during house changing I have lost the original certificate, and now only
have a photocopy of the IVP with me.
How can I claim/get the maturity proceeds from this Indira Vikas Patra.
Thanks
Sanjeev
ajay sethi
(Expert) 17 March 2014
THE TELEGRAPH
No claim on lost Indira Vikas Patra
OUR LEGAL CORRESPONDENT
New Delhi, April 8: An investor is not entitled to receive any money if his Indira Vikas Patra is lost or stolen, the Supreme Court has ruled.
“An Indira Vikas Patra is akin to an ordinary currency note. It bears no name of the holder. Just as a lost currency note cannot be replaced, similarly the question of replacing a lost Indira Vikas Patra does not arise,” a division bench headed by Justice Arijit Passayat said, while allowing a batch of appeals by the Centre.
The bench said as there is no legal provision allowing the replacement of “lost, stolen, mutilated, defaced or destroyed” Indira Vikas Patras, the maturity amount for lost certificates cannot be claimed.
According to regulations, claims can be made only after presenting the certificate and signing in the space provided at the back.
The government had moved the apex court against some high court orders directing payments to those who had lost their Indira Vikas Patras. It wanted the Supreme Court to settle the law on this matter as a large number of such claims had been made.
In one of the impugned orders, the high court had ruled that if the loss of an Indira Vikas Patra was bonafide and there was no attempt to defeat the interest of postal authorities, the original holder should be paid the maturity amount if there are no other claimants.
prabhakar singh
(Expert) 17 March 2014
It was due in 1996.
You did not bother to get it en-cashed.
You lost the original a year before and asking a way to en-cashed the photo state a year after.
I can advise you only on condition that you read it in year 2026.
"UNLESS POST OFFICE AGREES TO PAY YOU ON CERTAIN TERMS OF INDEMNITY YOUR CLAIM IS TIME BARRED and Indra vikas patra was meant for black money management and it was bearer like cash and if no body has en-cashed it so far it would get en-cashed by employees them selves soon they come to know about loss of the original "
