How to get NSC payment if NSC bought in different city

POSTED BY Ritesh ON February 8, 2011 4:41 pm COMMENTS (29)

Hi,I had bought a NSC policy 6 years back in Pune.After that I had moved to Bangalore.I wanted to know if there is any way through which I can get my NSC payment on maturity from any postoffice in Bangalore without having to visit Pune

29 replies on this article “How to get NSC payment if NSC bought in different city”

  1. JAGDISH MEHTA says:

    MY SON & HIS WIFE HAVE N.S.C. CERTIFICATE , FOR LAST FOUR YEARS THEY HAVE SHIFTED TO CANADA THEY HAVE
    SIGNED AND GIVEN THE CERTY. TO ME HIS DAD AND ALSO AN AUTHORITY LETTER TO COLLECT THE CHEQ. IF THE PAYMENT IS MADE BY CHEQUE INTHERE NAME SO THAT I CAN DEPOSIT IT IN THEIR A/C OR I CAN FURNISH THEIR A/C
    NOS. FOR THE POST OFFICE TO DEPOSIT DIRECTLY ON LINE

  2. harimuppa says:

    Hi,

    I have taken the NSC from Mumbai, Now i am in Hyderabad. I have went to several post offices in Hyderabad to en-cash the NSC but unfortunately i am unable to do it. They were not able to see the number. It was matured on 2015 january. I am getting a reply from the post offices in hyderabad(Mehdi patnam,Koti,Manikonda) saying that they are unable to retrieve my NSC. I have called twice to the thane post office but they just given the SOL Id . What will be best i can do ? Do i need to go to thane to withdraw it? Please give me any suggestions….

    1. Hi harimuppa

      I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.

      Its a bit long cut, but works well

      Manish

      1. harimuppa says:

        Hi Manish,
        Thank you very much for your reply. I dont know the procedure to file RTI . Where we have to apply the RTI is it online or we have to go to post office? Please help me.

        Thanks
        Hari

        1. You can file RTI online here https://rtionline.gov.in

          Also please see this article to understand how to file RTI https://www.jagoinvestor.com/2012/03/rti-for-epf-withdrawal-or-transfer.html

          1. harimuppa says:

            The below link is not working.

            Also please see this article to understand how to file RTI https://www.jagoinvestor.com/2012/03/rti-for-epf-

            Thanks
            Hari

            1. harimuppa says:

              One more thing manish,

              What kind help we can get from RTI side I didn’t understand how come they will help with my NSC Transfer or encashment. What kind of query we can raise through RTI. It looks like the issue is with BALKUM post office…..Please clarify sorry forgive my ignorance..

              Thanks
              Hari

            2. RTI is just to get information. You can ask queries for which you are not getting proper answers. Thats aall . So you can ask for process, where to contact , etc etc

  3. Jeet says:

    Hi

    My Brother has invested my money in NSC in his name and I have the certificates is it possible to en cash it with out involving him on maturity

    1. Definately not . Its on his name, you have no role on this.

  4. kavita says:

    Hi I was told to redeem my NSC, I need to open saving account with post office. Is it mandatory??
    Rgds
    Kavita

    1. G says:

      Yes Mrs. Kapoor

    2. Gopinath says:

      No. It is not mandatory. I have enquired the post office and they said that “If you have SB account, the money will be transferred to it else a cheque will be given”

  5. GauravSrivastava says:

    It has become simple nowadays, If you are lucky enough that the Post Office from which you initially purchased NSC has become CBS (Centralized Banking Services) then you can walk into any of the CBS Post Office in your current city and raise a request. The Post Offices are connected centrally and they can view the details in the computer.
    Thanks

    1. Thanks for sharing that GauravSrivastava

  6. Amit says:

    Hi Manish,

    Where we need to file the RTI because having same issue with me.

    Regards,
    Amit

    1. To Post office . Because NSC is a post office product !

  7. Raben says:

    I bought NSC from Delhi and Now I am staying in Mumbai. I applied for encasement of the NSC in the Local Post Office. It has completed four month till they sent my letter to the parent post office from where NSC was issued for verification. No reply has been received till date. Please advice what should I do now.

    1. Hi Raben

      I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.

      Its a bit long cut, but works well

      Manish

      1. Raben says:

        Thank You for Advice.

  8. sunil says:

    What about if money en cashed from same post office but after 1 or 2 months of maturity. Can i get the interest of 1 or 2 month in addition of maturity amount ?

    1. Michael says:

      Yes, they will calculate the maturity amount and include the interest for those two months as well.

    2. Michael says:

      In my experience, if the post office has a bank account attached to them, they will issue a check immediately (experienced this is Hyderabad, Sainikpuri). However, if the PO does not have a bank account, they will indent it and send it over to the PO that does have this account. The process takes approximately 3 days as per the teller. I still haven’t got the check or any intimation, but i will wait and watch.

  9. wow .. great things to learn from readers . Didnt knew all this . Thanks to all for sharing all information 🙂

    Manish

  10. Atul says:

    Hi Ritesh,

    Best way is to approach local Post master and submit the original NSCs and application.

    Even in Bangalore it takes 15 days if you dont approach the Post office were NSC was issued. I have faced the problem personally.

    Regards

    Atul

  11. ashal jauhari says:

    Dear Ritesh, If the maturity is already over, the usual time to encash NSC from non-issuing PO ‘ll be 1-1.5 Months.

    In case, the maturity is away some months, you may contact your local PO to transfer your NSC record from Old PO to your new PO. This ‘ll be done within normal 1-1.5M time. Now after transfer of NSC to new PO. you ‘ll be able to encash these immediately.

    Thanks

    Ashal

  12. Anand says:

    Additional info:

    If you go to same office from where you purchased NSC, then they will pay you maturity amount immediately.

    But if you approach some other post office, then they will take their own time, say 1 month.

    Other readers, please share if you have any first hand experience.

    1. Ajay says:

      Anand – I checked with the local post office post master and she said that they will take a month’s time to get the money if NSC is issued in another PO.

  13. Anand says:

    I am in the same boat.

    I was told that I can approach any post office with the NSC certificate after maturity and they will give me money.

    Need to verify this fact, however.

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