National Savings Certificates (NSC) Benefits and Features
|Scheme||Interest payable, Rates, Periodicity etc.||Minimum Amount for opening of account and maximum balance that can be retained||Salient features including Tax Rebate|
|National Savings Certificates (NSC)|
5 Years National Savings Certificate (VIII Issue)
|From 1.01.2018, interest rates are as follows:- ||Minimum of Rs. 100/- and in multiples of Rs. 100/- No Maximum Limit|
*In case of NSC VIII , transfer of certificates from one person to another can be done only once from date of issue to date of maturity.
*At the time of transfer of Certificates from one person to another, old certificates will not be discharged. Name of old holder shall be rounded and name of new holder shall be written on the old certificate and on the purchase application(in case of non CBS Post offices) under dated signatures of the authorized Postmaster along with his designation stamp and date stamp of Post office.
Now banks can also issue National Savings Certificates