Premature encashment is not possible in your case.
Premature encashment of the certificate is permissible at discount, only in case of death of the holder(s), surrendered as a penalty by a pledgee and when ordered by a court of law.
Premature encashment is not possible in your case.
Premature encashment of the certificate is permissible at discount, only in case of death of the holder(s), surrendered as a penalty by a pledgee and when ordered by a court of law.
In order to get a Loan, you first need to prove that you don't need it.
But, I have seen lots of ad in newspaper that you can sell your KVP, NSC etc and they will give you the cash. How they operate?
Just to add to this - It is possible after the expiry of three years from the date of purchase of certificate.Originally Posted by Natraj
You can take a loan against the NSC by pledging it to the RBI or a scheduled bank or a co-operative society, a corporation or a government company, a housing finance company approved by the National Housing Bank etc with the permission of the concerned post master.
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