Maturity value from time to time (for denomination Rs.
100/- ) :
For NSC issued
from 02.09.1993 to
31.12.1998
.......................... Rs.201.50 (12% compounded)
from 01.01.1999
to 14.01.2000
.......................... Rs.195.60
(11.5%")
from 15.01.2000 to
28.02.2001............................Rs.190.12 (11%")
from 01.03.2001 to
28.02.2002............................Rs.174.52
from 01.03.2002 to
28.02.2003............................Rs.169.59
from
01.03.2003 onward .....................................Rs.160.10
- 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
- Loan facility available by pledging the certificate with the
Banks.
- Certificates are available in denominations of
Rs.100, Rs.500, Rs.1000, Rs.5000 and
Rs.10000.
(a)
Where a certificate has been purchased on or after the 1st day of
March 2003,
the amount inclusive of
interest, payable on encashment of the certificate at any
time after the expiry
of its maturity period shall be 160.10 for denomination
of
Rs. 100/- and at proportionate
rate for any other denomination. The Interest as
specified in the table
below shall accrue to the holder or holders of the
certificate
at the end of each year
and the interest so accrued at the end of each year up
to the end of fifth
year shall be deemed to have been reinvested on behalf of
the
holder and
aggregated with the amount of face value of the certificate.
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