Skip to main content

Posts

Showing posts from May, 2017

National saving certificate: FAQs

1. What is National savings certificate?
It is Indian government's savings bond, used for small income tax free savings investment, issued by postal service of India. NSC are of two types viz. NSC issue VIII and NSC issue IX. 2. Where you can get National savings certificate?
National savings certificate can be purchased from any post office of India. From, August 2016, you can withdraw national savings certificate from any post offices as well.  3. Who can buy National savings certificate?
National savings certificate can be bought by any adult on his name or name of a minor, a minor, any two adults jointly.
4. National savings certificate Maturity?
NSC Issue VIII : 5 years
NSC Issue IX: 10 years
Certificates cannot be withdrawn prematurely.
5. National savings certificate interest rates?
8.1% . Maturity value of a certificate of INR.100/- purchased on or after 1.4.2012 shall be INR. 147.61 after 5 years. 6. How much one can invest in National savings certificate?
 Minimum Rs. 1…