|
National Savings Certificate
Interest Rate
|
Period during which purchased
|
Maturity Value for a Denomination of Rs.100.00
|
| From |
To |
| 01.01.1999 |
14.01.2000 |
Rs.195.60 |
| 15.01.2000 |
28.02.2001 |
Rs.190.12 |
| 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 |
Features
 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.
Table
|
Period from the date of the certificate to the date of its encashment.
|
Issued from 01.03.2001 to 28.02.2002
|
Issued from 01.03.2002 to 28.02.2003
|
01.03.2003
onwards
|
|
Three years or more, but less than three years and six months
|
126.43
|
124.62
|
121.15
|
|
Three years and six months or more, but less than four years.
|
131.71
|
129.51
|
125.09
|
|
Four years or more, but less than four years and six months.
|
136.90
|
134.29
|
129.16
|
|
Four years and six months or more, but less than five years.
|
142.48
|
139.43
|
133.36
|
|
Five years or more, but less than five years and six months.
|
147.98
|
144.46
|
137.69
|
|
Five years and six months or more, but less than six years
|
153.89
|
149.83
|
142.16
|
|
|
| |
|
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Posted in National Savings Certificate.
Tagged with 6 years, certificate, certificates, course, date, denomination, denominations, encashment, expiry, Interest, interest rate, Issued, maturity, maturity period, maturity value, National, national savings, nbsp, Period, person, PREMATURE, purchase, Rate, rate period, rule, rule 1, Savings, table, value.