How to claim the money forNSC purchased in 1989 &'90.will I get the interest for the period for which I did not claim the money on maturity.
2006-11-10 14:15:57 · 5 answers · asked by sbdeb42 1 in Business & Finance ➔ Taxes ➔ India
No interest will be paid after the redemption date. But you will get the interest till the date of maturity.
There are two options for getting your money back.
1. Go to the post office where you have purchased them. They will immediately pay you the maturity amount in cash.
2. Go to any post office in India for encasement. But you have to submit an application requesting the transfer of the certificates from the original post office where you have purchased the NSC to the post office office where you wish to take cash. But this transfer of post office work will take at least 10 days to few months.
My advise is that if the post office where you have purchased NSC is nearer, it is better go there and collect cash at once.
2006-11-11 02:58:31 · answer #1 · answered by Anonymous · 2⤊ 0⤋
NO , you will not get any interest on the money due after maturity date. For claiming take your certificate to the Post Office where you purchased it and if there is any problem, meet the Post master general in your city.
2006-11-11 10:22:36 · answer #2 · answered by q4tax 3 · 0⤊ 0⤋
u will not get any interest on the period post maturity.
to redeem your NSC simply walk into a post office and they will take care of it.
2006-11-10 23:27:00 · answer #3 · answered by Pegasus 3 · 0⤊ 0⤋
You can claim it now but you will not get the interest beyond redemption period.
2006-11-10 22:38:41 · answer #4 · answered by Anonymous · 0⤊ 0⤋
no problem.Go with your certificates and your proof of identity to the post office you had purchased and they will calculate interest accrued upto date,simultaneously you can redeem and encash the same.
2006-11-10 22:49:35 · answer #5 · answered by bhupesh 2 · 0⤊ 0⤋