National Savings Certificate (NSC) from Indian Post Office
National Savings Certificate
Period during which purchased
Maturity Value for a Denomination of Rs.100.00
|01.03.2001 ||28.02.2002|| Rs.174.52|
|01.03.2002||28.02.2003|| Rs.169.59 |
|01.03.2003||onwards|| Rs.160.10 |
One person can be nominated for certificates of denomination of Rs. 100- and more than one person can be nominated for higher denominations.
Maturity period is 6 years. No premature encashment is permitted in the normal course.
PREMATURE ENCASHMENT under sub-rule (1) of rule 16 after the expiry of three years from the date of purchase of certificate. Table below for a certificate of Rs.100 denomination and at a proportionate rate for a certificate of any other denomination.
Period from the date of the certificate to the date of its encashment.
Issued from 01.03.2001
Issued from 01.03.2002
Three years or more, but less than three years and six months
Three years and six months or more, but less than four years.
Four years or more, but less than four years and six months.
Four years and six months or more, but less than five years.
Five years or more, but less than five years and six months.
Five years and six months or more, but less than six years
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