|
Period during which purchased
|
Maturity Period |
Maturity Value for a Denomination of Rs.1000.00 |
|
From
|
To
|
|
08.05.1989 |
31.12.1998 |
6 years |
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 |
30.11.2011 |
Rs.1601.00 |
|
01.12.2011 |
onwards |
5 years |
Rs.1509.00 |
Features
A single holder type
certificate can be purchased by an adult for himself or
on behalf of a minor or to a minor.
Deposits qualify for tax
rebate under Sec. 80C of IT Act. The interest accruing annually
but deemed to be reinvested will also
qualify for deduction under Section 80C of IT Act.
One person can be nominated for certificates of denomination
of Rs. 100/- and more
than one
person can be nominated for higher denominations.
No premature encashment is permitted
in the normal course.
Premature Encashment (in
r/o NSC purchased prior to 01/12/2011)
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 |
|
