NSC account transfers: accounts transfer to eligible transferees on death, court order, or pledge per scheme provisions. An NSC (VIII Issue) account may be transferred to another individual only if the transferee is eligible to open an account under the Scheme. Transfers are authorized on (a) death of a sole holder or all joint holders to legal heirs or nominees, (b) by court order to the court or any individual as directed, (c) on pledging in accordance with paragraph 6, and (d) on the death of a joint holder to the surviving account holder(s).
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
NSC account transfers: accounts transfer to eligible transferees on death, court order, or pledge per scheme provisions.
An NSC (VIII Issue) account may be transferred to another individual only if the transferee is eligible to open an account under the Scheme. Transfers are authorized on (a) death of a sole holder or all joint holders to legal heirs or nominees, (b) by court order to the court or any individual as directed, (c) on pledging in accordance with paragraph 6, and (d) on the death of a joint holder to the surviving account holder(s).
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