NCB Full Form: What is the full form of NCB? Explained

NCB Full Form: Abbreviations and acronyms have very important usage nowadays. People often tend to use acronyms instead of using the whole word. This not only saves time but also changes the calling of different names of organizations and phrases.

There are many acronyms and abbreviations that are used for more than one meaning and full form. For example, PC is an acronym that is used for many different full forms like Personal Computer, Phone Call, Police Constable etc.

The acronym that we are going to discuss today is NCB. Let’s find out the full form of NCB in this article and know what it means.

What is NCB Full Form?

What is NCB Full Form? If this question bothers you, then don’t worry we have the right answer for you here in this article. NCB’s full form is the Narcotics Control Bureau. NCB is the name of an organization in India that deals with the law enforcement agencies to control any matter related to drugs and narcotics.

What is the Narcotics Control Bureau?

Source: Fullform.blog

Now that you are aware of the full form of NCB, let us discuss more about the Narcotics Control Bureau. The NCB is an Indian organization that coordinates under the Ministry of Home Affairs of the government.

The Narcotics Control Bureau depends on the directive principles in the Article 47 of Indian constitution. The NCB is designed to achieve exclusion of the use of addictive drugs that are harmful to health and well-being, except for therapeutic purposes.

The NCB’s actions on the issue related to the drugs is due to the established regulation which is also guided by a worldwide handling of the matter.

When was the Narcotics Control Bureau Found?

The Narcotics Control Bureau was created in March 1986, under the Section 4 (3) of the Narcotics Drugs and Psychotropic Substance Act of 1985. The obligation to control chronic substance use, which is a core competence, is supported by various ministries and organizations, one of which is the NCB.

The Narcotics Control Bureau (NCB) is headquartered in New Delhi, India. The field offices of the Bureau are organized by zone and are located in Mumbai, Indore, Kolkata, Delhi, Chennai, Lucknow, Jodhpur, Chandigarh, Jangmu, Ahmedabad, Bengaluru, Guwahati and Patna.

The official Narcotics Control Bureau (NCB) website can be reached with the link narcoticsindia.nic.in which will have all the information regarding the laws of drug usage in the country.

Other Common NCB Full Form

As we have said earlier, a single acronym can be used for multiple phrases and words. Similarly, NCB full form can be different and varies from the usage of the acronym. We learned about the NCB full form which is the Narcotics Control Bureau, now we are going to learn another common full form of NCB which is ‘No Claim Bonus’.

What is the ‘No Claim Bonus’?

No Claim Bonus or NCB is an award that is offered by the insurance company to the insured if no proceedings are filed during the strategic year. No Claim Bonus is a 20% discount that will be given to the insured vehicle’s owner when claiming the contract.

The percentage of the No Claim Bonus tends to increase with the passage of each year. For the first year, it is the basic 20%, with up to 10% added to the existing percentage with each passing year. Like, in the second year of the insurance the No Claim Bonus will rise up to 25%, 35% in the third year, 45% in the fourth year and an astounding 50% in the fifth and sixth year.

The amount of the discount depends on the insurance claim made in that particular year. No Claim Bonus or NCBs can be carried forward and are only allowed if the policy is updated within 90 days of the expiration date of the previous policy.

NCB rebates will be offered at a higher price during recovery. This deduction is adjustable and can be deferred regardless of whether the policyholder purchases another vehicle.