How can I buy NSC from post office?
Table of Contents
How can I buy NSC from post office?
How to Buy
- You need to fill the NSC application form available at the post office.
- Carry original identity proof for verification at the time of buying.
- You can buy the certificate with cash, cheque or demand draft drawn in favour of the postmaster of the post office from where you are buying the NSC.
Can I open NSC in post office online?
Presently, NSCs cannot be bought online. Following are the key steps for making NSC investments: Fill out the NSC application Form, available online as well as at all Indian post offices. Submit self-attested copies of required KYC documents.
Do post office agents get commission?
Under the SAS — which covers Kisan Vikas Patra, Post Office Monthly Income Scheme, Post Office Time Deposits, National Savings Certificates, National Savings Scheme and Senior Citizens Savings Scheme — the commission given by the central government is 0.5\% or 1\% of the collection. Such agents earn 4\% commission.
What is the commission rate for post office agent?
Post Office Small Saving Schemes – Rate of Commission of Agents
| Sr. No. | Name of Scheme | Rate of Commission |
|---|---|---|
| 1 | Saving Deposit | Nil |
| 2 | National Savings Time Deposit (1 Year, 2 Year, 3 Year & 5 Year) | 0.5\% |
| 3 | National Savings Recurring Deposits | 4\% |
| 4 | Senior Citizen’s saving Scheme | Nil |
Can NSC be withdrawn from any post office?
The NSC can be encashed at any post office. However, the certificate and identity proof must be submitted.
Can I buy NSC from SBI?
If you have a Savings account with Bank/Post office, you can buy NSC or KVP certificates in e-mode. You should have access to internet banking. Minimum amount that can be invested in NSC is Rs 100. Minimum amount that can be invested in KVP is Rs 1,000.
Can NSC be purchased from Bank?
If you have a Savings account with Bank/Post office, you can buy NSC certificates in e-mode, provided you have access to internet banking. It can be bought by an investor for self or on behalf of minor or with another adult as a joint account.
How does a post office agent make money?
If you open a 5-year Recurring Deposit (RD) at the Post Office through an Agent, the Agent gets a commission of 3\% on the amount deposited each month. For a Rs 5,000 per month RD, the Agent’s commission is Rs 150 per month.
How do I transfer my NSC from one post office to another?
A National Savings Certificate (NSC) may be transferred from a post office at which it stands registered, to any other post office on the holder or holders making an application in the prescribed form at either of the two post offices.
What are the documents required to buy NSC?
Documents required to NSC
- The NSC application form must be submitted.
- Investors must submit an original identification proof such as Passport, Permanent Account Number (PAN) Card, Voter ID, Driving licence, Senior Citizen ID, or Government ID for verification.
- The investor must submit a photograph.