Gkseries.com

National Saving Certificate Interest Rate Hiked for Jan-Mar 2023 Quarter

National Saving Certificate Interest Rate Hiked for Jan-Mar 2023 Quarter

National Saving Certificate Interest Rate Hiked for Jan-Mar 2023 Quarter: The National Savings Certificate interest rate has been raised by the government from 6.8% to 7% for the quarter of January-March 2023.The National Savings Certificate is a trusted saving product offered by the Indian Post Office that is well-liked by investors as a low-risk investment alternative. A trust, a minor, or an adult can open an NSC. For the quarter ending March 31st, 2023, the yearly compounded NSC Interest Rate is 7%.

January 2023 Current Affairs Quiz

National Saving Certificate Interest Rate Hiked for Jan-Mar 2023 Quarter- Key Points

National Savings Certificate: Transfer of Account from One Individual to Another

NSC can be transferred from one person to another person with the following conditions only.

  1. On the death of the account holder to nominee/legal heirs.
  2. On the death of the account to the joint holder (s).
  3. On order by the court.
  4. On pledging of account to the specified authority
Exit mobile version