Can I take loan against NSC post office?

There are two options with regard to taking loan against security of NSCs — either you can take a flat loan against NSC and pay in monthly EMIs or you can obtain an overdraft facility against security of these. The banks normally grant you a loan up to 80\% to 85\% of the face value of the NSCs.

Can we take loan from Post Office?

An individual can borrow against the deposit or withdraw the deposit prematurely. Since the scheme is offered by the government of India, it does not require any commercial rating.

What is the minimum quantum of loan against NSC KVP LIC?

Quantum of Finance: Loan up to 70\% of Principal value of NSC / KVP and 90\% of Surrender value of LIC policy.

What is the minimum and maximum loan amount that can be availed against NSC or KVP?

Minimum limit Rs. 1,000/- & No maximum limit for purchase of the certificates.

Does bank give loan on NSC?

The quantum of loan one can avail against National Savings Certificates depends on the bank which an individual approaches, with loan amounts varying according to individual policies in place. Banks can offer loans up to 85-90\% of the NSC value, with the amount changing with changes in tenure of certificates.

Can we withdraw NSC before maturity?

Though the National Savings Certificate scheme has a lock-in period of 5 years, premature withdrawal is possible under the following circumstances: If the NSC holder or holders (in case of joint holders) pass away. If any order is given by the court of law.

Can loan be take against KVP?

If you are a Kisan Vikas Patra holder, you can avail a loan for personal or business purposes by using this certificate as collateral. There is no maximum upper limit set for the purchase of a Kisan Vikas Patra savings certificate, the minimum limit however is Rs. 1000.

What is interest rate on KVP?

6.9\% p.a.
The effective interest rate for Kisan Vikas patra varies depending on the number of years invested in KVP at the time of purchase. The current interest rate is 6.9\% p.a. for the quarter starting from 1 July 2021 to 30 September 2021, compounded yearly.

Does Bank give loan on NSC?

Can NSC be withdrawn online?

Maturity: If the NSC maturity proceeds are not withdrawn by an account holder, the scheme becomes available for post office savings scheme interest for 2 years. Nomination facility is available under this scheme. Online facility is not available.

Can we pledge NSC before maturity?