Yes! Premature encashment of NPC is permissible. The investors can redeem his/her investment fully or partially, before the maturity date. Premature encashment proceeds shall be calculated at the rate of return equivalent to the return of the nearest shorter maturity of Certificates. For example, an investor of a 12-month NPC withdraws his/her investment in the 8th month of holding, in this case, he/she will be entitled to profit for the period up to date of premature encashment, fixed at the rate of return applicable on 6-month NPCs. However, no profit shall be paid in case of encashment of certificates before completion of 3 (three) months. Moreover, partial encashment leading to lowering the minimum investment allowed in NPCs (i.e. PKR 10,000 or USD, GBP & EUR 1,000) shall not be allowed.