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Can premature encashment be made in NSC VIII th issue?

April 26, 2017encashment ISSUE NSC premature TH VIII

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Can premature encashment be made in NSC VIII th issue?

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Ans: No premature investment is allowed. However, the premature encashment can be made only in three conditions i.e. on death of the holder, on forfeiture by a pledgee & when ordered by Court of Law.