Section 3 in National Savings Certificates (VIII Issue) Scheme, 2019
3. Type of accounts.
(1)On an application to the accounts office in Form-1, the following types of accounts can be opened under the Scheme, namely:-(a)Single Holder Type Account;(b)Joint A- Type Account; and(c)Joint B - Type Account.(2)(a)A Single Holder Type Account may be opened by an adult for himself, or on behalf of a minor or a person of unsound mind of whom he is the guardian; or by a minor who has attained the age of ten years;(b)Joint A- Type Account may be opened jointly in the names of upto three adults payable to all the holders jointly or to the survivor or survivors;(c)Joint B-Type Account may be opened jointly in the name of upto three adults payable to any of the account holders or to the survivor or survivors.
