Where to buy nsc in bangalore

An investor can purchase NSC from post offices anywhere in the country. The scheme applies only to Indian citizens, and not applicable for a Non-Resident Indian. There is no age limit to invest in NSC. One can invest in NSC on behalf of a minor by producing required documents. As per the rules, investments in NSC cannot be withdrawn before the maturity period. The NSC comes with a maturity period of 5 years and 10 years. If an investor decides to withdraw the money within a year, the government will only return the principal amount but after deducting a penalty.

An order by a court. Rules also say that NSC can be transferred anywhere in the country. It can also be transferred to another individual. The minimum investment is Rs There is no maximum limit.

As per the rule, an investor can take a loan from financial institutions against NSCs. The certificates are accepted as collateral security against loans. The Centres hold the right to regulate interest rates on NSC. It is regulated every quarter.

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