INSUBCONTINENT EXCLUSIVE:
NSC offers a return of 8 per cent, which is compounded annually but payable at maturity.India Post or Department of Posts, the postal system
of the country, provides a range of services
India Post, which has a network of over 1.5 lakh post offices across the country, offers several savings schemes with different interest
One such savings scheme offered by post office is National Savings Certificates, according to its official website, indiapost.gov.in.Here
are 5 things to know about the post office National Savings Certificates (NSC):1
Eligibility: A single holder type certificate can be purchased by an adult for himself/herself or on behalf of a minor or by a minor,
Amount: The minimum amount required for opening an NSC account is Rs
However, there is no upper limit on NSC investments.3
Interest Rates: NSC offers a return of 8 per cent, which is compounded annually but payable at maturity
Transfer of certificates: At the time of transfer of certificates from one person to another, old certificates will not be discharged
Name of old holder shall be rounded and name of new holder shall be written on the old certificate.Get the latest election news, live
updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
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