The government has increased the National Savings Certificate interest rate for the January-March 2023 quarter to 7% from earlier 6.8%. The National Savings Certificate is a trusted saving product offered by the Indian Post Office that is well-liked by investors as a low-risk investment alternative. An NSC can be opened by an adult, a minor, or a trust. The annual compounded NSC Interest Rate for the quarter ending 31st March 2023 is 7%.
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NSC can be transferred from one person to another person with the following conditions only.
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