# NRIs cannot buy new NSCs, can hold existing ones till maturity

2026-08-14T17:56:13+00:00 | Governance | Indian Opinion Desk

Corroboration: 1 independent outlet

Non-Resident Indians (NRIs) cannot open new National Savings Certificate (NSC) accounts or purchase fresh certificates, Livemint reports. However, if someone invested in NSC while a resident and later became an NRI, they may continue to hold the certificate until maturity. The NSC currently offers 7.7% interest per annum for the July-September 2026 quarter. Investments start at Rs 1,000 with no upper limit. For resident investors, NSC qualifies for Section 80C tax deductions under the old tax regime. Premature encashment is allowed only in specific cases such as the account holder's death or a court order. No extension facility exists after maturity.

## Coverage

- livemint.com <https://www.livemint.com/money/personal-finance/nsc-for-nris-can-non-resident-indians-invest-in-national-savings-certificate-and-claim-tax-benefits-11786713890708.html>

Tags: Government of India, NRIs, NSC, Section 80C
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