testnax.blogg.se - Nsc post office interest rate chart

Interested applicants can simply apply for the certificate at their nearest post office along with the documents mentioned above. The application procedure for NSC is quite simple. Usually, the post office releases the corpus via cheque.

For nominees applying for withdrawal, Annexures 1 and 2 forms must also be submitted.

For minors, attestation of the guardian must also be presented.

Identity proof similar to application requirements.

In case a court of law orders the withdrawal of the invested amount.Įvery applicant needs to note that while the NSC interest rate remains unchanged, the premature withdrawal of NSC requires specific documents which are mentioned below.

During premature withdrawal, the return is calculated as per the National Saving Certificate interest rate though the tenor duration is shorter.

Interest offered at the rate applicable then.įurther, the specific scenarios under which investments in NSC can be withdrawn are listed below. Withdrawal after the completion of 1 year Withdrawal before the completion of 1 year The different interests in NSC applications are mentioned in the table below. Interest Applicability on Premature Withdrawal of NSC The rate of interest provided as per the maturity periods are listed below along with their tenure and issue numbers: Name These schemes introduced by the Government of India are available with two tenors variants for maturity. NSC interest rates vary depending on their NSC’s maturity. The scheme mainly aims to provide easy savings options to average and low-income earners. Primarily a savings bond, NSC is provided to individuals through different post offices. National Savings Certificate, NSC in short, is a secured investment scheme offered by the Government of India.