Amount received on surrender of pension funds

One of our clients had invested in two Pension Fund Schemes. He has held and paid premiums on these policies as below:

          Pension Fund I              :            7 years 

          Pension Fund II             :            5 years

Now, in the FY 2014-15, he has surrendered both these policies and has invested the proceeds received there from in fixed deposits. Further, he had also not taken any deduction in the preceeding years u/ 80CCC with regard to the premium paid on these policies.

What will be the tax treatment in the FY 2014-15?