The following are the main requirements for investing in National Savings Certificates:
Investment in NSCs is open to all Indian residents.
Investors in NSCs may be individuals acting alone or in a group of up to three adults, guardians acting on behalf of a minor, a person of unsound mind, or a minor above the age of ten.
Indians who are not residents cannot buy brand-new NSCs. However, such NSCs can be kept until maturity in the event that resident NSC subscribers become NRIs prior to the maturity of the certificates.
Neither trusts nor Hindu Undivided Families (HUFs) may invest in NSC. Only Karta of HUFs can invest in NSC in his own name.