National Savings Certificate

Interest Rate

Period during which purchased		Maturity Value for a Denomination of      Rs.100.00
From	To
01.01.1999	14.01.2000	Rs.195.60
15.01.2000	28.02.2001	Rs.190.12
01.03.2001	28.02.2002	Rs.174.52
01.03.2002	28.02.2003	Rs.169.59
01.03.2003	onwards	Rs.160.10

 Features

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.   

PREMATURE ENCASHMENT under sub-rule (1) of rule 16 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.

Table

Period from the date of the certificate to the date of its encashment.	Issued  from 01.03.2001 to 28.02.2002	Issued  from 01.03.2002 to 28.02.2003	01.03.2003 onwards
Three years or more, but less than three years and six months	126.43	124.62	121.15
Three years and six months or more, but less than four years.	131.71	129.51	125.09
Four years or more, but less than four years and six months.	136.90	134.29	129.16
Four years and six months or more, but less than five years.	142.48	139.43	133.36
Five years or more, but less than five years and six months.	147.98	144.46	137.69
Five years and six months or more, but less than six years	153.89	149.83	142.16

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