NSC is a tax
saving bond issued by the government via Postal services. It is characterized
by 5 years and 10 years maturity periods and enjoys tax exemption under section
80C.
Yes, NSC can be collateralized for a loan, subject to certain conditions: The certificates will have to be transferred to the lender. They can be pledged to the president of India, governor of your state, a PSU or local authority. When the ...
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 ...