What are the rules of premature withdrawal of corpus in NSC?

What are the rules of premature withdrawal of corpus in NSC?

NSC certificates have a predetermined lock-in period of 5 years. However, premature withdrawal is possible in certain emergency cases like the following

  1. Death of the holder
  2. Order of the court
  3. A Gazetted Officer pledges for the certificates to be forfeited in compliance with the rules.

If the withdrawal is before one year, then there will be no interest paid. If the withdrawal is after one year, interest will be paid, but the face value of the certificate will be paid after discounting.


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