NSC and KVP take the demat route

photo by aubergene

National Savings Certificate (NSC) and Kisan Vikas Patra (KVP) are the two of the most commonest investment instruments in India. Well, if you have invested in these and you’re based out of Mumbai, you’re in for some good news.

The postal department has been running a pilot project in Mumbai to electronically credit NSC and KVP details in an investor’s demat account — just like shares — instead of issuing the usual physical certificates. Thirty five major post offices in the region (Mumbai, Thane and Navi Mumbai) are authorised to offer NSCs and KVPs in demat form. Now post offices in Mumbai are urging investors to opt for NSCs and KVPs to choose the demat option during the application process. Continue reading “NSC and KVP take the demat route” »