Thursday, 22 November 2012

Purchase of National Savings Certificate by an adult on behalf of a minor-Clarification SB Order 16/2012

                                                                                                                            SB Order 16/2012



It is clarified that as per the rule4(2)a of NSC VIII issue iX issue rules, a single holder type certificates  may be issued  to an adult for himself on or behalf of a minor or to a minor , Therefore it is clarified that NSCs can be purchased by an adult in the name of a minor irrespective of any relation



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