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of <h1>Social Security Certificates can be prematurely encashed after three years with a discount per Rules 1982.</h1> A certificate under the Social Security Certificates Rules, 1982, can be prematurely encashed at the holder's option after three years from issuance, subject to a discount. The payout includes the certificate's face value and simple interest for the holding period, calculated at the prevailing savings account rate. Premature encashment before three years is allowed if forfeited by a pledge or ordered by a court. If encashed within one year, only the face value is paid without interest. Between one and three years, encashment is at a discount, with terms as specified in the rules.
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