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A security is an instrument of promissory note or a method of borrowing or lending or a source of contributing to the funds needed by a corporate body or non-corporate body.

Non-Security form of Investment or non-marketable securities whose ownership is not transferable. The examples can be:

1. National Savings Schemes

2. National Savings Certificate

3. Provident funds

4. Corporate Fixed deposits

5. Life Insurance Policies

6. Unit Schemes of Unit Trust of India (Some are marketable)

7. Post office savings bank account

8. RBI Relief Bonds

9. Kisan Vikas Patra

10. Chit Funds, Nidhis etc.

R K Mishra

BBSR

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15y ago

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