BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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State of of India
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Reserve Bank of India
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Postal bank of india
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None of the above
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Detailed explanation-1: -National Savings Certificates(NSC) is is an Indian Government Savings bond issued by the Post office to generate small savings and income tax saving investments in India.
Detailed explanation-2: -The National Savings Certificate (NSC) is a fixed income investment scheme that you can open with any post office branch. The scheme is a Government of India initiative.
Detailed explanation-3: -However, the same has been discontinued. Presently, the certificates can be, Recorded in two modes namely e-mode (electronic mode) or in Passbook mode. Purchased from all Public Sector Banks and the top three Private Banks (ICICI, HDFC & Axis)
Detailed explanation-4: -National Savings Certificate can be easily purchased at any Indian Post Office at a fixed maturity period of 5 years. Interest rate is subject to periodic change as per Ministry of Finance announcements. Minimum amount required for an investment in National Savings Certificate is Rs. 1000 (and in multiples of Rs.