​National Savings Certificate (NSC) Scheme

  • On 14th May, 2024, Prime Minister disclosed his investments in the National Savings Certificate (NSC) scheme.
  • NSC is a fixed-income investment scheme introduced by the Government of India. It is designed to encourage investment and tax savings, especially for low- to mid-income investors.
  • NSCs can be purchased at any post office. Only individual Indian citizens who are residents of India are eligible to invest in the scheme.
  • There is no age restriction for purchasing NSC. Hindu Undivided Families (HUFs), trusts, and private and public limited companies cannot invest.
  • The investment matures after five years. There is no maximum limit on the amount that ....
Do You Want to Read More?
Subscribe Now

To get access to detailed content

Already a Member? Login here


Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.