Post Office Savings Schemes at a glance - NSC ( VIII Issue )

1. Maturity period reduced from six to 5 years w.e.f  01.12.2011
2. Maturity value of NSC ( VIII Issue ) issued  in between ( For denomination of Rs.1000/- )
6 Years NSC
5 year NSC
01.01.1999 to 14.01.2000
15.01.2000 to 28.02.2001
01.03.2001 to
28.02.2002
01.03.2002 to
28.02.2003
01.03.2003
to
30.11.2011
From 01.12.2011 onwards
1956.00
1901.20
1745.20
1695.90
1601.00
1509.00
3.Premature encashment of NSCs under Rule 16(1) of NSC( VIII) Issue Rules, 1989
a.  Within  one year from the date of issue -  Face value
b.  After one year but before 3 years - Face Value + Simple Interest at the rate applicable from time to time for completed months
C. Beyond 3 years ( For denomination of Rs.100/)
Issued in between 01.03.2003 to 30.11.2011
Issued on or after 01.12.2011
Period
Value
Period
Value
  3years  but < 3 years 6 months
121.15
≥ 3years  but < 3 years 6months
123.14
≥ 3 years 6 months but < 4  years
125.09
≥ 3 years 6 months but < 4  years
127.49
≥  4 years   but < 4 years 6 months
129.16
≥  4 years   but < 4 years 6 months
131.99
≥  4 years 6 months but <   years
133.36
≥  4 years 6 months but <   years
136.65
≥  5 years but <   years 6 months
137.69

≥  5 years 6 months but <   years
142.16
Interest accrued on NSCs to the investor at the end of each year( For denomination of Rs.100/)
The year for which interest accrues
Issued in between 01.03.2003 to 30.11.2011
Issued on or after 01.12.2011
First Year
8.16
8.58
Second  Year
8.83
9.31
Third  Year
9.55
10.11
Fourth Year
10.33
10.98
Fifth Year
11.17
11.92
Sixth Year
12.08

Compiled by : Bruhaspati Samal, Secretary, AIPEU, Gr.-C, Bhubaneswar Division and Postmaster, Sahidnagar MDG, Bhubaneswar – 751 007

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