FAQ Central Directorate of National Savings FREQUENTLY ASKED QUESTIONs [ GENERAL QURIES ] Q.1 Can I deposit profit cheque into my account with any scheduled bank? If not, then how can I withdraw my profit without coming to the Centre? Ans: No. Unlike cheques of banks, the Profit coupons/withdrawal slips of NSS are not negotiable instruments, hence not acceptable by banks. The profit accrued on BSC only may, however, be collected through an agent duly authorized by the certificate holder at his/her own risk and subject to the satisfaction of the officer in charge. Q.2 What is the standard procedure for encashment of certificate(s) in case of death of certificate holder(s)? Ans: Subject to the rules of the respective schemes, the nominee may opt for encashment of the certificates or transfer of the same in his/her name, however, in the former case the nominee shall be required to furnish; a. an application on plain paper containing three specimen signatures of himself/herself duly verified to the satisf…
