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NSC_ISSUE

 NSC ISSUE / OPENING OF ACCOUNT

NSC VIII ISSUE :

Type of accounts.-

(i) Following types of accounts can be opened under the Scheme, namely:-

(a) A Single Holder Type Account may be opened by an adult for himself, or on behalf of a minor or a person of unsound mind of whom he is the guardian; or by a minor who has attained the age of ten years;

(b) Joint A- Type Account may be opened jointly in the names of upto three adults payable to a the holders jointly or to the survivor or survivors;

(c) Joint B-Type Account may be opened jointly in the name of upto three adults payable to any of the account holders or to the survivor or survivors.

(d)There shall be no limit of opening of number of accounts by an account holder.

Deposit :

Minimum amount for opening of account under NSC-VIII issue scheme 2019 shall be Rs.1000/- and for opening of account for more than minimum amount, the amount shall be in multiple of Rs. 100/-.

Deposits for opening of NSC account may be made by Cash, Crossed Cheque, Pay-order, Demand Draft, Matured Certificates or a duly signed Post Office Savings Bank withdrawal form together with the passbook. Procedures laid down for opening and funding of a TD account shall apply to this scheme also w.e.f. 1st July 2016.


Click here for  SB Order No. 4/2020

NSC accounts can be opened in online mode using POSB Net banking.  As per SB Order No. 13/2022, the facility has been provided under General Services Tab in Net Banking.  Only DOP Net banking user can open NSC accounts online.  The Nominee will be the same as registered in the linked SB account.  

Click here for SB Order No. 13/2022