As per Rule 7(1) of National Savings Certificate Scheme, 2019,  premature closure of NSC is not allowed except  in the following cases :

(a) On the death of the account holder in a single account, or any or all the account holders in a joint account;

(b) On forfeiture by a pledgee being a Gazetted Officer, when the pledge is in conformity with this Scheme.

(c) When ordered by a court.

Click here for SB Order No. 3/2023

Please click here for the details of Lock up periods of various POSB Schemes and the impact of Premature closure