Topics covered in this video:
1)NSC scheme details in telugu
2)national savings certificate interest rate
3)NSC Calculator
4)nsc post office

Who can open :-
(i) a single adult
(ii) Joint Account (up to 3 adults)
(iii) a guardian on behalf of minor or on behalf of person of unsound mind
(iv) a minor above 10 years in his own name.
(b) Deposit:-
(i) Minimum Rs. 1000 and in multiple of Rs. 100 , no maximum limit.
(ii) Any number of accounts can be opened under the scheme.
(iii) Deposits qualify for deduction under section 80C of Income Tax Act.
(c) Maturity:-
-The deposit shall mature on completion of five years from the date of the deposit.
(d) Pledging of account:-
(i) NSC may be pledged or transferred as security, by submitting prescribed application form at concerned Post Office supported with acceptance letter from the pledgee.
(ii) Transfer/pledging can be made to the following authorities.
- The President of India/Governor of the State.
- RBI/Scheduled Bank/Co-operative Society/Co-operative Bank.
-Corporation (public/private)/Govt. Company/Local Authority.
-Housing finance company.
(e) Premature closure:-
- NSC may not be prematurely closed before 5 years except the following conditions : -
​(i) On the death of a single account, or any or all the account holders in a joint account
(ii) On forfeiture by a pledgee being a Gazetted officer.
(iii) On order by court.
(f) Transfer of account from one person to another person.:-
-NSC may be transferred from one person to another person on the following conditions only.
​(i) On the death of account holder to nominee/legal heirs.
(ii) On the death of account holder to joint holder(s).
(ii) On order by the court.
(iii) On pledging of account to the specified authority.
(g) interest rate:
minimum 1000 rupees
maximum no limit
(h) Deposit tenure:
5 years investment plan

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