Transfer of National Savings Certificates requires prior postmaster consent, transferee eligibility, prescribed form and limited exceptions.

Transfer of National Savings Certificates requires prior written consent of an authorised postmaster, with designated officers for specific categories. Consent is granted only if the transferee is eligible, transfers occur after one year unless falling within specified exceptions (near relative, heir, court orders, rule 12, survivor), and a prescribed application is signed. Transfers for minors require a parent's or guardian's written certification of the minor's welfare. The authorised postmaster must record previous and new holder names with dated signature, designation and stamp, and transfer is allowed only once from issue to discharge.

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