National Savings Certificates — VIII Issue

iAbout This Scheme

The current NSC VIII Issue replaced the earlier NSC IX Issue (which had a 10-year tenure) and the older NSC VI and VII Issues. NSC VIII offers a 5-year tenure at 7.7% per annum compounded annually but payable at maturity, with no maximum investment limit and Section 80C benefit. This is the only active NSC currently sold through post offices.

🎁Key Benefits

• 5-year tenure; 7.7% p.a. compounded annually
• No maximum investment limit
• Section 80C deduction on investment
• Can be pledged as loan collateral
• Nomination facility available
• Can be transferred to another individual once during 5-year tenure

✅Eligibility Criteria

• 1
  Resident Indian individuals
• 2
  HUFs and trusts not eligible

📝How to Apply

❓Frequently Asked Questions