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 ... Summary
National Savings Certificates (VIII Issue) Scheme, 2019
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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