NSC Matured? Here’s How to Withdraw NSC After Maturity Online Easily

If your National Savings Certificate (NSC) has completed its full, fixed term, the next step is receiving your investment and interest earned. Many individuals now opt for online services and want to know how to withdraw NSC after maturity online without visiting the post office. 

The process is simple if your NSC is linked to your post office savings account and internet banking. Let’s get into it.

When Can You Withdraw NSC After Maturity?

You can withdraw your NSC only after it completes its full maturity period or lock-in period. Once matured, you can claim the full amount of your investment plus interest

So, before checking how to withdraw NSC after maturity online, make sure your NSC has already matured.

What You Need for Online NSC Withdrawal

To withdraw your NSC payout online, you must have:

• A post office savings account
• Active post office internet banking
• NSC linked to your savings account

If your NSC is not linked or you do not use internet banking, you may need to visit the post office.

How to Withdraw NSC After Maturity Online

Here’s the simple process of how to withdraw NSC after maturity online:

Step 1: Log in to Post Office Internet Banking: Use your customer ID and password to sign in.

Step 2: Go to NSC or Investments Section: Find the option that shows your NSC account details.

Step 3: Select the Matured NSC: Click on the NSC that has completed its maturity period.

Step 4: Choose the Withdrawal Option: Select the option to close or withdraw the NSC.

Step 5: Confirm and Submit: Once confirmed, the maturity amount will be credited to your linked savings account.

After completing the online process of withdrawal, the amount is credited within a few working days. Processing time may differ slightly depending on system updates.

Is Tax Applicable on NSC Maturity Amount?

Yes, the interest part of the maturity amount is taxable as per your income tax slab. You should include it while filing your income tax return.

Takeaways

Knowing how to withdraw NSC after maturity online makes the process easy and time-efficient, particularly if your NSC is linked to your post office savings account. In a few clicks you can get your maturity amount credited without standing in any queue.