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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