National Savings Certificate - How to Invest?

National Savings Certificate (NSC)

NSCs are savings scheme issued by India Post that offer a certain fixed interest rate to the investor.

Features

5-years maturity. The interest rate is 7.7% p.a. Interest compounded annually.

Benefits

Government-backed scheme. Zero risk of default. Deduction under 80C.

Who can Invest?

All Indian citizens can invest in NSC. Certificates can be purchased on behalf of a minor by their legal guardian.

Invest in NSC

Visit and request a National Saving Certificate application form at your nearest post office or bank branch.

Documents Required

Passport size photograph Valid ID proof Valid address proof

How to Invest?

To invest, submit the required documents, pay the initial amount, i.e., between ₹1000 & in multiples, & you will receive the certificate.

Steps to Invest in  NSC Online

Open a bank or Post Office savings account. Complete your KYC. Invest in NSC via net-banking.

Tenure of Investment

Tenure is 5 years. However, If not withdrawn at maturity, you earn an interest rate equivalent to the Post Office Savings Scheme for the next  2 years.