INSUBCONTINENT EXCLUSIVE:
The interest rates applicable to these small savings schemes - such as the Post Office National Savings Certificates - are reviewed on a
For the current quarter, which ends on June 30, investment in the Post Office National Savings Certificate savings scheme fetches interest
Eligibility: A single holder type certificate can be purchased by an adult for himself or herself, or on behalf of a minor or by a minor,
Investment limit: An investor needs a minimum amount of Rs
100 to open an NSC account
However, there is no maximum investment limit under NSC.3
Interest rate: The post office NSC offers a return of 8 per cent, which is compounded annually but payable at maturity
Transfer: The name of the old holder is rounded and that of the new holder written on the old certificate in case of transfer
Therefore, old certificates are not discharged in case of transfer of the NSC certificate from one person to another, according to India
