National Savings Certificates

National Saving Certificates (NSC)

• Minimum investment Rs. 500/- No maximum limit.
• Rate of interest 8% compounded half yearly.
• Rs. 1000/- grow to Rs. 1601/- in six years.
• Two adults, Individuals, and minor through guardian can purchase.
• Companies, Trusts, Societies and any other Institutions not eligible to purchase.
• Non-resident Indian/HUF can not purchase.
• No pre-mature encashment.
• Annual interest earned is deemed to be reinvested and qualifies for tax rebate for first 5 years under section 80 C of Income Tax Act.
• Maturity proceeds not drawn are eligible to Post Office Savings account interest for a maximum period of two years.
• Facility of reinvestment on maturity.
• Certificate can be pledged as security against a loan to banks/ Govt. Institutions.
• Facility of encashment of certificates through banks.
• Certificates are encashable any Post office in India before maturity by way of transfer to desired post office.
• Certificates are transferable from one Post office to any Post office.
• Certificates are transferable from one person to another person before maturity.
• Duplicate Certificate can be issued for lost, stolen, destroyed, mutilated or defaced certificate.
• Nomination facility available.
• Facility of purchase/payment to the holder of Power of attorney.
• Tax Saving instrument – Rebate admissible under section 80 C of Income Tax Act.
• Interest income is taxable but no TDS
• Deposits are exempt from Wealth tax.

Read out Some FAQ’s on NSC Click here.

Contact our Small Savings Latest New Interest Rates on National Savings Certificates NSC Agent for Buy/ Purchase New NSC online here..

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5 Comments

• 

  By rajendra pai, November 2, 2010 @ 10:46 am

  I want an NSC for 50000.00 with ability for auotorenewal on maturity. I want to pledge for VAT
• 

  By rajendra pai, November 2, 2010 @ 10:48 am

  I need nsc for 50000.00 (Fifty thousand) with auto renewal on maturity. I want to pledge it for VAT
• 

  By harsha, May 18, 2011 @ 4:53 pm

  I would like to purchase NSc
  Could u guide me
• 

  By Shrish Mishra, October 7, 2011 @ 1:29 pm

  I want to Know Complete knowledge Of Monthly Investment Scheme & N.S.C. Please Give us fully knowledge of thees scheme.
• 

  By admin, November 5, 2011 @ 11:59 am

  All schemes are already available on our website.

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