National Savings Scheme (NSS) has decided to launch short termed maturity saving certificates scheme from the first week of July, in order to facilitate its clients with small investments.
The short-term savings certificate with minimum investment of Rs10,000 for three months, six months and one year will be launched from Tuesday, announced Central Directorate of National Savings (CDNS) Director General Zafar Sheikh on Friday.
The NSS new short termed saving certificates scheme includes the categories of 3-month, 6-month and 12-month maturities.
The certificate will provide better alternative for the Investor Portfolio Securities (IPS) Account which have minimum investment criteria of Rs100,000 for T-Bills. These certificates will be relatively easier as well as cost effective for small investor.
Complete details can be obtained from here.