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of <h1>NSC Holders Can Nominate Beneficiary Using Form 1 or 2; Changes Via Form 3 Before Maturity</h1> Under the NSC (IX-Issue) Rules, 2011, a single or joint holder of a National Savings Certificate can nominate a person to receive the certificate and its proceeds upon their death by completing Form 1 during purchase or Form 2 thereafter, but before maturity. Only one nominee is allowed unless the certificate's denomination is 500 or more. Nominations cannot be made for certificates held by minors. Nominations can be canceled or changed using Form 3, with necessary postage, and must be registered at the issuing post office. Changes are effective upon registration, noted on the certificate. Separate applications are required for certificates registered on different dates.
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