Section 8 in National Savings Certificates (VIII Issue) Rules, 1989
8. Issue of Certificates.
(1)On payment being made under rule 7, except where payment is made by a cheque, pay order or demand draft, a certificate shall be issued immediately and the date of such certificate shall be date of payment.(2)Where payment for the purchase of a certificate is made by cheque, pay order or demand draft, the certificate shall not be issued before the proceeds of the cheque, pay order or demand draft, as the case may be, are realized and the date of such certificate shall be the date of encashment of the cheque, pay order or demand draft, as the case may be.(3)If for any reason a certificate cannot be issued immediately, a provisional receipt shall be given to the purchaser which may later be exchanged for a certificate and the date of such certificate shall be as specified in sub-rule (1) and sub-rule (2), as the case may be.
