| Purchase
of Certificates |
|
Certificates under the scheme
can be purchased by an individual, jointly by two individuals.
Certificates are available in denominations of Rs.100 , Rs.500 , Rs 1000, Rs 5000, Rs
10000 and Rs.50000.There is no maximum limit on the purchase of certificate.
Identity Slip will be issued to the depositors on request.
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| Rate
of Interest |
|
Deposit doubles in 8 years 7 months .
A Certificate can be encashed at any time after expiry of 2 ½ years from the date of issue of the certificate.
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| Place
of Encashment |
|
Certificate can be encashed at the post office of its issue. This can also be encashed at any other post office if the officer in-charge of that post office is satisfied on production of Identity Slip or on verification from the post office of issue that the person presenting the certificate for encashment, is entitled thereto.
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| Replacement
of Certificate |
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A
duplicate certificate
may be issued if
the certificate is
lost , stolen destroyed, mutilated
or defaced, provided a
satisfactory evidence is produced about such loss, theft,
destruction, mutilation or defacement.
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