Can NRIs invest in NSC? Check here
The National Savings Certificate (NSC) is a popular low-risk investment option for Indian investors. However, NRIs (non-resident Indians) are unable to invest in the NSC due to eligibility restrictions. The NSC offers an interest rate of 7.7% per annum for the July-September 2026 quarter, with compounding applied annually and payments made at maturity.
NRIs can still participate in the NSC scheme if they already have an account. They can continue to hold or manage it until it matures. The minimum investment amount for an NSC account is Rs 1,000, with additional deposits made in multiples of Rs 100, and there is no upper limit on the investment amount.
An NSC account cannot be closed prematurely except in certain cases such as the death of the account holder, forfeiture by a pledge officer, or as ordered by a court. If an NSC account is closed before one year from the date of deposit, only the principal amount will be paid. After one year but before three years, interest on the principal at the rate of the Post Office Savings Account will be paid.
Unlike other post office small savings schemes, an NSC account cannot be extended.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
