savings

National Savings Certificate for Savings Tax

Capital protection with guaranteed return

Why to invest?

  • A fixed investment scheme from Government of India
  • Can be opened with any post office
  • Accepted as a security for secured loans
  • Buy in your name, for a minor or with another adult as a joint account
  • Secure and low-risk product
  • Two fixed maturity periods – 5 years and 10 years
  • No maximum limit on the purchase of National Savings Certificates (NSCs), but only investments of up to ₹ 1.5 lakh can earn a tax break under Section 80C of the Income Tax Act
  • Guaranteed interest and complete capital protection

Know before you invest

  • Assured returns at interest rate of 7.9% per annum*
  • Investment amount for tax deduction: Minimum ₹ 100 to maximum ₹ 1,50,000
  • NSC is only for individuals. Hence, Hindu Undivided Families (HUFs) and trusts cannot invest in it. Even Non-Resident Indians (NRI) cannot purchase NSC certificates.
  • No TDS on NSC payouts, the subscriber should pay the applicable tax on it.

*Interest rate is subject to change by the Government of India.

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