Debt Instruments

PPF rates and NSC tenure may be revised

October 10, 2011

The committee on NSSF, chaired by Reserve Bank Deputy Governor Shyamala Gopinath, proposed that the maturity period of Post office monthly income scheme and National Saving Certificate (NSC) from six to five years. Recognizing the need for a long term investment opportunity after discontinuation of KVP, the Committee has also recommended introduction of 10 years [...]