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of <h1>Rule 16 Details Premature Encashment Conditions for National Savings Certificates IX-Issue, 2011</h1> Rule 16 of the National Savings Certificates (IX-Issue) Rules, 2011, outlines conditions for premature encashment of certificates. Certificates can be encashed prematurely upon the holder's death, forfeiture by a Gazetted Government Officer, or a court order. If encashed within one year, only the face value is paid. Encashment after one year but before three years results in a discounted payout with simple interest. After three years, the amount payable includes accrued interest and is specified in detailed tables, varying based on the purchase date and duration held, with adjustments for any applicable discounts.
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