National Savings Certificate (NSC) Maturity and Premature Withdrawal Rules
Maturity & Withdrawal Rules
NSCs have fixed terms of 5 or 10 years; premature withdrawal is generally not allowed. Exceptions:
- Death of holder: Nominee/legal heir may encash anytime with documents.
- Medical emergencies: Severe illness of holder/dependent; medical proof required.
- Change of residence abroad: Permanent emigration to non-resident status; proof required.
In all other cases, NSCs cannot be broken before maturity. For liquidity needs, consider more flexible investments.
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