Need a Advice on
National Savings Certificates

Request a call back


Just fill up the form or Leave a MISSED CALL on :


 
Term insurance
Term insurance
Auto Insurance
Auto insurance
Health Insurance
Health Insurance
business-insurance
Business Insurance
home-insurance
Home Insurance
travel-insurance
Travel Insurance
accidental-insurance
Accidental Insurance
car-insurance
Car Insurance
child-insurance
Child Insurance
pension-plans
Pension Plans
ULIP-insurance
ULIP Insurance
traditional-endowment
Traditional Endowment
national-pension-scheme
National Pension Scheme
equity-linked-savings-scheme-ELSS
Equity Linked Savings Scheme ELSS
fixed-deposit
Fixed Deposit
saving-bank-account
Saving Bank Account
recurring-deposit
Recurring Deposit
current-account
Current Account
corporate-fixed-deposit
Corporate Fixed Deposit
infrastructure-bonds
Infrastructure Bonds
national-savings-certificates
National Savings Certificates
public-provident-fund
Public Provident Fund
mutual-funds
Mutual Funds
debt-funds
Debt Funds
hybird-funds
Hybird Funds
money-market-fund
Money Market Fund
gold-ETF's
Gold ETF's
contra-funds
Contra Funds
dividend-yield-funds
Dividend Yield Funds
large-cap-funds
Large Cap Funds
IPO's
IPO's
demat-and-trading-account
Demat And Trading Account
commodity-trading-acount
Commodity Trading Acount
car-loan
Car Loan
education-loan
Education Loan
home-loan
Home Loan
personal-loan
Personal Loan
loan-against-property
Loan Against Property
business-loan
Business Loan
two-wheeler-loan
Two Wheeler Loan
loan-against-securities.php
Loan Against Securities
gold-loan
Gold Loan
vehicle-finance
Vehicle Finance
credit-card
Credit Card
reverse-mortgage
Reverse Mortgage
tax-planning
Tax Planning
retirement-planning
Retirement Planning
child-education-plan
Child Education Plan
estate-planning
Estate Planning
investment-planning
Investment Planning
residential-apartment
Residential Apartment
independent-house
Independent House
residential-land
Residential Land
CGST-vs-SGST-vs-IGST
CGST vs SGST vs IGST
benefits-of-GST
Benefits Of GST
Change-From-July
Change From July
central-goods-and-service-tax-CGST
Central Goods And Service Tax CGST
integrated-goods-and-services-tax-IGST
Integrated Goods And Services Tax IGST
state-goods-and-service-tax-SGST
State Goods And Service Tax SGST
union-territory-goods-and-services-tax-UTGST
Union Territory Goods And Services Tax UTGST
goods-and-services-tax-GST
Goods And Services Tax GST

National Savings Certificates

National Savings Certificates, popularly known as NSC, is an Indian Government Savings Bond, primarily used for small savings and income tax saving investments in India. It is part of the postal savings system of Indian Postal Service (India Post).

What is National Savings Certificates?

The National Savings Certificate (NSC) is a popular and safe small-savings instrument that combines tax savings with guaranteed returns. This scheme is backed by the government and is available at post offices. The distribution reach of India Post has added to the popularity of this scheme and it is much sought after across all investing classes.

Why do we need National Savings Certificates?

chose us

Capital Protection

The capital in the NSC is completely protected as the scheme is backed by the Government of India.

Inflation protection

The NSC is not inflation protected. This means whenever inflation is above the current guaranteed interest rate, the deposit earns no real returns. However, when the inflation rate is below the guaranteed interest rate, it does manage a positive real rate of return.

Guarantees

The interest rate on the NSC is guaranteed. Currently, the interest rate on NSC is 8.1 per cent on the five-year option, compounded half yearly.

Liquidity

The NSC is liquid, despite the stipulated lock-in. Liquidity is offered in the form of loans.

Types of NSC Certificates:

  • NSC Issue VIII: With NSC Issue VIII, the aim was to provide an investment avenue for those people who were looking for a way to invest in safe instruments and avail tax benefits at the same time. The certificates issued under this version are available to everyone except an HUF and a trust. These certificates come in denominations ranging from Rs. 100 to Rs. 10,000 but have an interest rate that is slightly lower than the once offered for Issue IX. Another key feature of these certificates is that they come with a maturity period of 5 years.
  • NSC Issue IX: The Issue IX certificates also come in denominations ranging from Rs. 100 to Rs. 10,000 and comes with an interest that is slightly higher than that which is offered for Issue VIII. These certificates come with a maturity period that can be as long as 10 years. As is the case with Issue VIII, these certificates also comes with no limit on the amount that can be invested in them but there is a limit on the minimum investment, which is Rs. 100.
  • Document Required for the Purchase of NSC:

    The documents required when purchasing a fresh set of National Savings Certificates will be:

  • The application form for the investment. This is called Form 1 and allows you to declare the investment amount and the nominees.
  • Other supporting document may also be asked for and these could include:
  • Proof of Identity
  • Proof of Address
  • Types of holding for NSC:

    Single Holder Type Certificate

    As the name suggests, such a certificate is issued to an individual and can be held only by one person. He or she can, of course, appoint nominees for the certificates but they will be the only ones taking decisions about them. This certificate can be provided for an adult or to an adult on behalf of a minor.

    Joint ‘A’ Type Certificate

    The Join ‘A’ Type certificate is one which is issue to two adult holders and is payable to both when the certificates mature. It can be operates by either of the holders and both the holders signature will be needed in case it is to be transferred or cancelled, or even if the nomination needs to be changed.

    Joint ‘B’ Type Certificate

    This certificate is the same as the A type joint certificate in that, it too can be issued to two adults who can hold and operate the certificates. The only way that it differs from the previous certificates is in the payment of the maturity value. Unlike the A type joint certificate, this one pays the maturity value to any one of the two holders.

    Our Media