The national savings certificate are issued by which bank?
The national savings certificate are issued by which bank? : National Savings Certificates (NSC) are a popular investment instrument in India, known for their low risk and guaranteed returns. They are issued by the Government of India and can be purchased at select post offices and banks across the country. In this article, we will take a closer look at NSCs and the banks that issue them.
What are National Savings Certificates?
National Savings Certificates are a type of savings bond issued by the Government of India. They are a safe and secure investment option and offer guaranteed returns. NSCs come with a fixed maturity period of 5 or 10 years, and the interest rates are revised periodically by the government.
NSCs are a great investment option for those who are risk-averse and looking for a secure and stable investment. The minimum investment amount for NSCs is Rs. 100, and there is no upper limit on the investment amount.
Which banks issue National Savings Certificates?
National Savings Certificates can be purchased at select post offices and banks across the country. Here is a list of banks that issue NSCs:
- State Bank of India (SBI)
- Punjab National Bank (PNB)
- Bank of India (BOI)
- Canara Bank
- Union Bank of India
- Indian Bank
- Bank of Baroda
- ICICI Bank
- HDFC Bank
- Axis Bank
It’s important to note that not all branches of these banks may offer NSCs. It’s always best to check with the bank before making your investment.
How to purchase National Savings Certificates?
To purchase National Savings Certificates, you will need to visit a post office or a bank that issues NSCs. You will need to fill out an application form and provide your identity proof and address proof documents. You will also need to provide the investment amount, and the NSCs will be issued to you in the denominations of Rs. 100, Rs. 500, Rs. 1,000, Rs. 5,000, and Rs. 10,000.
NSCs can also be purchased online through the post office website. However, not all banks offer the option to purchase NSCs online.
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Conclusion
National Savings Certificates are a popular investment option in India, known for their low risk and guaranteed returns. They are issued by the Government of India and can be purchased at select post offices and banks across the country. If you are interested in investing in NSCs, make sure to check with the bank or post office to see if they offer them and their current interest rates.
