Can you gift an NSC?

My grandfather (senior citizen) wants to invest in a National Savings Certificate (NSC) in the name of his grandchildren (minor children). Would he be able to get a deduction under Section 80C? - Anonymous A National Savings Certificate (NSC) is a fixed-income investment scheme that you can open easily with any post office. It provides you guaranteed returns which are better than those provided by most fixed deposits (FDs). Besides, it also protects your capital and offers tax benefits. It is a Government of India initiative to encourag

This article was originally published on November 01, 2022.