Is it possible to transfer NSC ownership?
Yes, one can transfer the ownership of NSC to another person. For this the investor would need a written declaration of consent from the postmaster of the post office where he has opened the account. Certificates can be transferred from:
- Holder to nominee (in case of death).
- From one joint holder to another.
- Holder to court (if ordered by court).
Related Articles
Is it possible to transfer NSC ownership?
Yes, you can transfer the ownership of NSC to another person. For this you will need a written declaration of consent from the postmaster of the post office where you have opened the account. You can transfer the certificates from: Holder to nominee ...
Is it possible for individuals to transfer their PPF account to another person?
No, individuals cannot transfer their PPF account to another person. Similarly, nominees cannot continue the PPF account under their names in case the account holder has passed away.
Can two or more people own NSC certificates jointly?
Two people can own NSC certificates jointly, but not more. There are three types of joint certificates, -- Single holder Type, Joint A Type & Joint B Type. Single holder certificates, as name suggests, can be issued only to one individual, but ...
What are the rules of premature withdrawal of corpus in NSC?
NSC certificates have a predetermined lock-in period of 5 years. However, premature withdrawal is possible in certain emergency cases like the following Death of the holder Order of the court A Gazetted Officer pledges for the certificates to be ...
Can NRIs invest in NSC?
No, investment in NSC is only open for resident Indians.