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National Saving Certificate is a saving scheme.

It is issued by the post office and backed by the Government of India.

It is one of the safest instrument to invest in and claim tax benefits.

It is popularly known as NSC.

All post offices which are authorized to issue NSC make it available to the investors.

There are two types of NSC Schemes by post office

  • NSC VIII Issue

There is no maximum limit for investment in this scheme

There is no deduction of TDS

This scheme is not for Trust’s and HUF’s

Bank loans can be taken by keeping these certificates as collateral security

Investment upto 1,00,000 rupees can be claimed for tax rebate u/s 80C

The rate of interest for NSC VIII issue is 8.50%

Maturity is after 5 years

  • NSC IX Issue

There is no maximum limit for investment in this scheme

Minimum amount is rupees 100

It is available in the denominations of rupees 100,500,1000,5000,10,000.

The rate of interest is 8.80% for NSC IX issue

Maturity is after 10 years


Transfer of these both NSC VIII and NSC IX certificates can be done only once .

Premature withdrawals of NSC is not allowed

NSC’s can be withdrawn only after the 5 year or 10 year term is over but there is an exception to this rule

i.e if the holder of NSC dies then the nominee can withdraw the NSC before the maturity date.


Deduction can be allowed upto Rs 1,50,000 of NSC investments. The interest earned form these certificates is taxable but as the interest gets reinvested every year in the scheme this interest is also not taxable .Only the interest earned for the last year is liable for tax payment.



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