Sir , Back again with one query. Sir the post office is saying that ( NSC 10 yrs ) has been suspended by the Govt. Is it true.
Awaiting for your reply.
Thanks Sir.
1 Answers
Asad-Yes, it is true. The Ministry of Finance on 1st December, 2015 and the Post Office stopped issuing these certificates 20 December 2015 onward. The reason behind such move is that it is hard to commit to give such guaranteed return to investors, especially during such interest rate downtrend scenario. They may relaunch once the interest rate trend starts to go northward. But as of now 10-Yrs NSC is discontinued.