A single holder type certificate can be purchased by an adult for himself or on behalf of minor or to a minor.īuy National Savings Certificates (NSCs) every month for Five years – Re-invest on maturity and relax – On retirement it will fetch you monthly pension as the NSC matures.Certificates can be kept as collateral security to get loan from banks.Scheme specially designed for Government employees, Businessmen and other salaried classes who are Income Tax assesses.For latest interest rate refer at link Salient Features of National Savings Certificates: Current rate of interest is 8.0% p.a w.e.f compounded annually and valid up to. Rate of interest is determined by National Savings Institute, Government of India from time to time. You can purchase any number of certificates of any denominations.Ĭurrently NSC (National Savings Certificate) VIII issue with maturity period of 5 years are issued. All post offices in India offer sale of National Savings Certificates. National Savings Certificates are available in the denominations of Rs.100, Rs.500, Rs.1000, Rs.5000 & Rs.10000. Investment is fully secured by Government of India. National Savings Certificates gives fixed income during the period of holding at predefined rate of interest.
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