Applying for INSS-C

Things to take care of while investing in an INSS C

Beware of Ponzi

Beware of Ponzi

  • At no point will banks or brokers give you incentives for making more people invest in INSS-C or any other scheme
  • If anyone is giving you such an incentive, they are a part of a Ponzi or fraud scheme
  • You can lose your entire money in a Ponzi scheme

Beware of fraud and Ponzi schemes

A long-term investment

A long-term investment

Make sure you are not putting all your money in INSS-C. Keep some amount of money in shorter-term deposits as well. 

  • Short-term – six to twelve months
  • Medium-term – More than a year to five years
  • Long-term – More than five years to ten years

You can lose principal

You can lose principal

The INSS-C investment comes under the medium-risk category. Meaning this scheme has more risk compared to other debt investments.

You have the risk of losing some amount of your principal during deflation.

Not for emergencies

Not for emergencies

Keep some amount of your savings in your savings bank account for emergencies. Don’t put all your savings into investments.

Premature withdrawal

Premature withdrawal

Make sure you do not withdraw your investment before maturity. Premature withdrawal might sometimes not be allowed or have a penalty.

Submit nomination details

Submit nomination details

Ensure you enter the correct nomination details while filling out the INSS-C application form. Filling nomination details ensures that your invested money goes to the right person in case of youth.

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    Who is eligible to invest in INSS-C?

    • Any adult individual
    • Individuals with a joint account 
    • HUF (Hindu Undivided Family)
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    What are the documents required for investing in INSS-C?

    • Duly filled INSS-C application and nomination form
    • PAN Card and Aadhaar Card copy 
    • Passport size photograph (if required)
How to invest in INSS-C offline?

How to invest in INSS-C offline?

Follow the steps given below

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    Visit your bank branch

    Carry the amount to be invested in the form of a cheque or cash

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    Ask for a form to apply for INSS-C

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    Fill out the application form and nomination details

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    Verify the document copies with the original

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    Submit the form, documents and amount

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    Take the receipt and INSS-C certificate

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    Keep the certificate safe till maturity

How to invest in INSS-C online?

How to invest in INSS-C online?

Follow the steps given below

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    You can invest in INSS-C online through your bank’s internet banking website

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    • You can also invest through your Demat account website 
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    Select debt or bond investments

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    Fill in the details

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    Transfer money from your bank account

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    Download the certificate and show it to the bank for confirmation

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NOTE

Please note that no broker, bank official or bank will call you or email you for any OTP, user-ID, password, PIN or any card number and CVV.

Jump into next section to know about closing and withdrawal of INSS-C

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