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NATIONAL SAVINGS CERTIFICATE

 Period during which purchased                                   

Maturity Value for a Denomination of Rs.1000.00
From To
08.05.1989 31.12.1998 Rs.2015.00
01.01.1999 14.01.2000 Rs.1956.00
15.01.2000 28.02.2001 Rs.1901.20
01.03.2001 28.02.2002 Rs.1745.20
01.03.2002 28.02.2003 Rs.1695.90
01.03.2003 onwards Rs.1601.00

 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 special circumstances, premature encashment is allowed 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 prior to 01.03.01 Issued from 01.03.01 Issued from 01.03.02 Issued from 01.03.03
Three years or more, but less than three years and six months. 132.00 126.43 124.62 121.15
Three years and six months or more, but less than four years. 138.50 131.71 129.51 125.09
Four years or more, but less than four years and six months. 145.00 136.90 134.29 129.16
Four years and six months or more, but less than five years. 152.00 142.48 139.43 133.36
Five years or more, but less than five years and six months. 159.00 147.98 144.46 137.69
Five years and six months or more, but less than six years. 166.50 153.89 149.83 142.16