what is the difference between national savings certificate and RD accounts?

hello, > Recurring Deposit "RD" means Recurring Deposit. The investment is made in small amounts every month, and yet the rate of interest offered is as if a big sum is invested for a long term. This scheme is very useful for people who do not have a huge amount ready to invest, and still they like to get a huge savings by patiently saving little by little every month. > National Savings Certificate National Savings Certificate is very safe, and useful for people who can make a deposit in lump sum. The term is for 6 years. The interest is calculated for every half year and the interest is treated as a deposit for next half year. Thus the interest is also compounded at the same rate of interest as the deposit.

Hi, National Saving Certificate Scheme is a similar to fixed deposit. You get a printed certificate (like bonds) of different denominations.NSC is only for 5 and 10 years. a total duration of maturity. yearly, but accrued annually. National Saving Certificates are available in the denominations of Rs 100, Rs 500, Rs 1,000, Rs 5,000 and Rs 10,000 You can take a loan against the NSC from any bank. Online investment facility is not available. On the other hand Recuring deposit in the post office which give you partial withdrawal facility. **You can open recurring deposit in the post office for as little 10 rupees per month. 5 years recurring deposit account can be extended for further 5 years. If you have opened month, then your subsequent deposits should be in this period. One withdrawal up to 50% of the balance allowed after one year.**

National Savings Certificate is very safe, and useful for people who can make a deposit in lump sum. The term is for 6 years. The interest is calculated for every half year and the interest is treated as a deposit for next half year. Thus the interest is also compounded at the same rate of interest as the deposit.