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What happens in case of death of National Savings certificate (NSC) holder?

If the holder of the NSC expires, the nominee or nominees shall be entitled to encash the certificate at any time before or after the maturity of the certificate.

11 Dec 2008

If the holder of the NSC expires, the nominee or nominees shall be entitled to encash the certificate at any time before or after the maturity of the certificate. The nominees can also sub-divide the certificate in appropriate denominations in favor of individual nominees or two adult nominees jointly. To be able to do so, the surviving nominees will have to send an application to the postmaster, supported by the proof of death of the holder.



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