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What happens in case of premature encashment of National Saving Certificates (NSC)?

If the certificate is encashed within one year from the date of certificate, only the face value of the certificate will be payable.

11 Dec 2008

If the certificate is encashed within one year from the date of certificate, only the face value of the certificate will be payable.

Now, if the certificate is encashed within one year of the NSC but also before the expiry of three years from the date of certificate, an amount equivalent to the face value of the certificate together with simple interest shall be payable. If the certificate is encashed after the expiry of three years from the date of certificate, the amount payable, inclusive of interest for each Rs.100 is given below:

Period From The Date Of The Certificate To The Date Of Its Encashment

Total amount payable inclusive of the principal and principal in Rs.

More than 3 years but less than 3 years and 6 months

121.15

More than 3 years and 6 months but less than 4 years

125.09

More than 4 years but less than 4 years and 6 months

129.16

More than 4 years and 6 months but less than 5 years

133.36

More than 5 years but less than 5 years and 6 months

137.69

More than 5 years and 6 months but less than 6 years

142.16



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