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who are eligible to invest money under national savings certificate scheme? and who are not eligible?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 usha asked about 3 years ago

who are eligible to invest money under national savings certificate scheme? and who are not eligible?

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2 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered over 2 years ago

NRI’s are not eligible to purchase National Savings Certificate (NSC). However, if a person was a Resident Indian at the time of purchasing the NSC and become a NRI during the maturity period, he shall be allowed to claim benefits of this scheme.

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Open uri20170510 32134 59004f?1494421790 Anshul Dhawan answered almost 3 years ago

NRI’s are not eligible to purchase National Savings Certificate (NSC). However, if a person was a Resident Indian at the time of purchasing the NSC and become a NRI during the maturity period, he shall be allowed to claim benefits of this scheme. HUF’s and Trusts are also not eligible to invest in this savings scheme. Rest all are eligible.

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