National Savings Certificates

• 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.
• FAQ's on NSC
• Contact our Small Savings NSC Agent by clicking here