National Savings Certificate (NSC)

iAbout This Scheme

NSC is a fixed-income investment scheme backed by the Government of India offering 7.7% per annum compounded annually but payable at maturity after 5 years. It qualifies for Section 80C tax deduction. NSC can also be pledged as collateral for loans.

🎁Key Benefits

• 7.7% per annum interest, compounded annually, payable at maturity
• Section 80C deduction up to ₹1.5 lakh
• Minimum investment ₹1,000; no maximum limit
• 5-year lock-in period
• Can be pledged as security for bank loans
• Transferable between individuals

✅Eligibility Criteria

• 1
  Any resident Indian individual
• 2
  HUFs and trusts not eligible

📝How to Apply

❓Frequently Asked Questions