What shall be the value date? How is the same determined?
Value date is the date from which the investment NSC/KVP starts earning interest. In the case of investments made through ICICIdirect on a given day i.e. business day the value date would be the two working days at Mumbai after such business day. Investment made on Saturday or other holidays (whether in Maharashtra or in the State where your bank account is maintained) would receive the next business day’s value date. .I have already invested in NSC/KVP through other agent and have physical certificate allotted. Can I dematerialise the same and transfer in to the demat account linked my ICICIdirect trading account. No. Existing investments cannot be dematerialized. Similarly once certificates are issued in demat mode, can not be converted into physicals at all.
Value date is the date from which the investment NSC/KVP starts earning interest. In the case of investments made through ICICIdirect on a given day i.e. business day the value date would be the two working days at Mumbai after such business day. Investment made on Saturday or other holidays (whether in Maharashtra or in the State where your bank account is maintained) would receive the next business day’s value date.
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