National Savings Certificate 2024 | nsc scheme in post office | NSC interest calculator | #bank

National Savings Certificate (NSC) is a tax saving investment with the aim to encourage small or medium savings backed by Central Government.

The NSC scheme is available at all Post Offices,Banks and promoted by the Indian Government. Since the scheme is backed by the Indian Government, the risk is considered to be very low.

The scheme is applicable only to Indian citizens and not applicable for Non-Resident Indian (NRI) and a HUF. Due to the income tax benefits, low minimum investments requirement and low risk, the national pension scheme is gaining popularity.

Types: The scheme originally had two types of certificates – NSC VIII Issue and NSC IX Issue. The government discontinued the NSC IX Issue in December 2015. So, only the NSC VIII Issue is open for subscription currently.

National Savings Certificates (NSC)
5 Years National Savings Certificate (VIII Issue)

Interest rate:
From 01.07.2023, interest rates are as follows:-
7.7 % compounded annually but payable at maturity.

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