The National Savings Scheme or NSC is a popular savings instrument in India. The scheme, which is backed by the government, gives assured returns to subscribers at a interest rate of 7.7% p.a. The scheme is the preferred choice of a multitude of subscribers who want to ensure their long term savings goals are met and they will have a comfortable retirement.
On enrolment under NSC scheme, the depositor will receive a certificate denoting the details of the investment as well as other relevant data. This certificate needs to be produced on maturity or when the subscriber wants to withdraw the funds lying under his/her deposits.
In case the original certificate is lost, destroyed, stolen, defaced or mutilated, the depositor should apply for a duplicate certificate at the earliest or before maturity to ensure that they can receive the funds without any problems.
The following steps can be followed to get a duplicate NSC certificate:
The duplicate certificate will act as the original certificate once issued for all purposes. However, the certificate can only be used to claim returns in the Post Office branch where the original certificate was issued.
The following forms need to be submitted for the duplicate certificate:
You can apply for a duplicate NSC certificate if your NSC is misplaced, stolen, damaged, mutilated, or vandalized. You can submit the application at the post office where the NSC was first recorded.
You will need to complete form NC-29, which can be found online or will be available at the post office.
Yes, you will be required to provide an indemnity bond (FORM NC-54(a)/(B)) with sureties, or a bank guarantee if the certificate has been lost, stolen or destroyed. If mutilated or defaced, and if the certificate is unidentifiable, then no bond is required.
Yes, duplication certificate processing involves a nominal fee, which is determined by the post office.
No, the duplicate certificate is deemed to be the original for all intents and purposes, except that it may only be posted at the post office where the original certificate was registered until prior verification has been made.
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