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

Ready Reckoner 

Five / Six Year National Savings Certificate ( 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 <  5  years 133.36 ≥  4 years 6 months but <  5  years 136.65 ≥  5 years but <  5  years 6 months 137.69 ≥  5 years 6 months but <  6  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