Nothing is permanent except change. So let's talk about change in context of National Savings Certificate (NSC). There can be two kind of changes
- Change National Savings Certificate (NSC) from one post office to another
- Change National Savings Certificate (NSC) from one person to another
In following sections we'll get an answers to these both questions.
How to Transfer National Savings Certificate (NSC) from one post office to another?
A National Savings Certificate (NSC) may be transferred from a post office at which it stands registered, to any other post office on the holder or holders making an application in the prescribed form at either of the two post offices.
Every such application shall be signed by the holder or holders of the certificate: Provided that in the case of Joint 'A' Type certificate or a Joint 'B' Type certificate, the application may be signed by one of the joint holders if the other is dead.
If we'll summarise in brief all you need to do is fill-up form no NC-32 and submit to respective post-office. In that form you need to mention details such as issue of duplicate certificates, transfer spoilt, etc. Also need to fill up details such as your name, number and type of certificate, date of issue, denominations, serial number of identity slip issued, date of birth and name of guardian authorised to en-cash the certificate (in case the certificate is purchased on behalf of the minor), etc. in the form.
How to do Transfer of National Savings Certificate (NSC) from one person to another?
National Savings Certificate (NSC) may be transferred with the previous owner in writing of an office of the post office
In some cases transfer can be sanctioned such as:
- From the name of a deceased holder to his/her heir
- From a holder to court of law or to any other person under the orders of court of law.
- From a single holder to the names of joint holders of whom the transferee shall be one.
- From joint holders to the name of one of the joint holders
An application for transfer is made in the prescribed form and is signed by the holder or holders of the certificate:
Provided in the case of a Joint 'A' Type Certificate or Joint 'B' Type Certificate, the application may be signed by one of the holders, if the other is dead.
In every case of transfer, other than a transfer under rule 12, the original certificate shall be duly discharged and the new certificate bearing the same date as that of the original certificate surrendered shall be issued in the name of the transference.