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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

  1. One person can be nominated for certificates of denomination of Rs. 100/- and more than one person can be nominated for higher denominations.
  2. Maturity period is 6 years. No premature encashment is permitted in the normal course
  3. Loan facility available by pledging the certificate with the Banks.
  4. 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. 

6 Year NSC VIII issue


Maturity Value


Tax Benefit

6 years NSC VIII issue

Maturity value of Rs.100/-, is Rs. 160.10

No Limit

Investment qualifies for tax rebate under Sec.88.  of I.T. Act
Interest accrued qualifies for exemption
up to Rs. 9000/-.

The year for which Interest accrues Amount of Interest accruing on certificate of Rs 100/- 
Denomination (Rs.)
1st year   8.16
2nd year    8.83
3rd year   9.55
4th year 10.33
5th year 11.17
6th year 12.08

Note : The amount of interest accruing on a certificate  of any other denomination shall be proportionate to the amounts specified in the table above.

      (b) If certificate is encashed under sub-rule (1) of rule 16 after the expiry of three 
           years from the date of certificate purchased on or after the 1st day of March 
           2003 the amount payable, inclusive of interest accrued  under rule 15 and 
           after adjustment of discount, shall be as specified in the table below for a 
           certificate of Rs.100 denomination and at a
proportionate rate for a certificate 
           of any other denomination.

Premature encashment in case of death etc in 6 year NSC for Denomination of Rs. 100/-

Three years or more but less than three years and six month


Three years and six months or more, but less than four years


Four years or more, but less than four years and six months.


Four years and six months or more, but less than five years


Five years or more, but less than five years and six months


Five years and six months or more but less than six years



At proportionate rate for any other denomination

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