Closing and Withdrawal of INSS-C

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    How to Close an INSS-C Investment?

    • Your INSS-C investment will automatically close on maturity 
    • On maturity, your principal amount plus your returns will together be credited to your bank account mentioned in the application form
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    Is Partial or Premature Withdrawal allowed in INSS-C? 

    • Partial withdrawal is not allowed in INSS-C
    • Premature withdrawal in INSS-C is allowed for senior citizens after completing one year from the deposit date
    • For others, premature withdrawal is allowed after three years from the deposit date
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    What is the penalty for premature withdrawal of INSS-C?

    For premature withdrawal penalty would be half of the previous interest amount. For example, if the interest amount for the last month was₹200. Then the liability for premature withdrawal would be 100.

Points to Remember

Points to Remember

Let us recap about INSS-C investments

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    INSS-C are inflation-indexed bonds that can help you beat inflation

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    These are long-term, medium-risk debt investments

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    You can invest in INSS-C through banks and investment brokers

Quiz

Let’s take this quick quiz to see if you have understood INSS-C well.

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