National Savings Scheme 1987 (NSS-87)

iAbout This Scheme

The National Savings Scheme 1987 was a post-office-based tax-saving scheme that offered Section 80CCA deduction on deposits. It was discontinued in 2002 and deposits were frozen; withdrawals are allowed on maturity or after account holder turns 60. It earned 11% interest when active and is now at post office saving account rate for residual balances.

🎁Key Benefits

• Section 80CCA tax deduction was available during active years
• Deposits earn interest as applicable from time to time
• Residual withdrawals permitted on attaining age 60 or death
• Implemented through post offices

✅Eligibility Criteria

• 1
  Existing account holders only; no new accounts since 2002

📝How to Apply

❓Frequently Asked Questions