NSC Certificate

NSC Certificate

NSC certificate in India are of the following types:Single Holder Type Certificate: This can be issued to: (i) An adult for himself or on behalf of a minor (ii) A Trust. Joint 'A' Type Certificate: Issued jointly to two adults payable to both holders jointly or to the survivor. Joint 'B' Type Certificate: Issued jointly to two adults payable to either of the holders or to the survivor.

NSC certificate in India can be received in Physical form Post Offices. Some banks offer NSC certificate online in demat form, if so subscription transfer, nomination etc can be done online itself. However it cannot be converted into physical form on a later date. Currently there is no option to buy NSC certificate online from Post office.In the case of NSC certificate online form, the maturity amount will be automatically credited to the bank account to which the demat account is linked.Both NSC certificate online and Physical form will have the following details: Name of Certificate holder, Serial Number, Date of Issue, Denomination, Name of officer of Issue, Type, and Registration Number etc.It is to be noted that in both the options namely the NSC certificate online and Physical form NSC Certificate issued presently is 'National Savings Certificates (VIII issue).

NSC certificate form ( NSC (VIII Issue)

NSC certificate form for purchase of national savings certificates (VIII issue) can be obtained from http://www.nsiindia.gov.in/application_products/nsc/nsc_form1.pdf or http://www.tnsmallsavings.com/formnscapp.htm NSC certificate form for nomination under section 6 of the government savings certificates act, 1959 can be obtained from http://www.nsiindia.gov.in/application_products/nsc/nsc_form2.pdf . NSC certificate form for cancellation or variation of nomination previously made in respect of NSC Certificate under section 6 of the government savings certificates Act, 1959 can be obtained from http://www.nsiindia.gov.in/application_products/nsc/nsc_form3.pdf. Application for transfer of NSC Certificate as security can be obtained from http://www.nsiindia.gov.in/application_products/nsc/nsc_form4.pdf NSC certificate form to transfer the certificate from one person to another can be obtained from http://www.nsiindia.gov.in/htmleditor/application_products/nsc/nsc_form5.pdf NSC certificate form for the issue of Duplicate savings certificates in lieu of the loss, theft destruction, mutilation or defacement of the savings certificates in the custody of the holder can be obtained from http://www.nsiindia.gov.in/application_products/nsc/nsc_form6.pdf

Transfer of NSC Certificate

On payment of nominal fees, NSC certificate in India can be transferred to any person by making an application in prescribed form specifying the NSC certificate details.NSC certificate in India can also be nominated in favor of some other person. However NSC Certificate of denomination 100 can be nominated in favor of only one person and certificates of higher denominations can be nominated in favor of more than one persons.NSC certificate in India can be easily transferred from one Post Office to another, at the request of the owner.

NSC Certificate Lost

If the NSC certificate Lost, Mutilated or destroyed or stolen then duplicate certificate will be issued on payment of nominal fee.The owner of the NSC certificate lost may apply for the issue of a duplicate Certificate to the Post Office where the Certificate is registered. Application shall be accompanied by a statement showing NSC certificate details such as:NumberAmountDate of the Certificate and Circumstances attending such loss, theft, destruction, mutilation or defacement.

If the Officer-In-Charge is satisfied about the NSC certificate details and circumstances attending such loss, he may issue a duplicate Certificate.The officer-in-charge will request the applicant to furnish in an indemnity bond on behalf of the NSC certificate lost in the prescribed NSC certificate form with sureties or with bank's guarantee.An FIR specifying the NSC certificate details needs to be filed if the NSC certificate lost.

A copy of FIR needs to be provided to Notary Public to get Indemnity bond stating the NSC certificate details which was lost.