National Savings Certificate/NSC

Latest Updates on National Savings Certificate

Lost NSC?
read this – LOST NSC

NSC IX Issue
No maximum limit for investment.
INR. 100/- grows to INR 238.87 after 10 years.
Minimum INR. 100/-
Denominations of INR. 100/-, 500/-, 1000/-, 5000/- & INR. 10,000/-.

A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor.

Buy National Savings Certificates (NSCs) every month for Five years – Re-invest on maturity and relax – On retirement it will fetch you monthly pension as the NSC matures.

 Who can purchase NSC:

  • An adult in his own name or on behalf of a minor,
  • A minor,
  • A trust,
  • Two adults jointly,
  • Hindu Undivided Family.

Where is National Savings Certificates available

Available for purchase/issue at all Post Offices in India.

Minimum Purchase Value

The minimum amount of investment under NSC is Rs 100/-

Maturity of National Savings Certificate

Period of maturity of a certificate is 10 years under scheme IX and 5yrs in Scheme IIIV.

Nomination / Transferability:

  • Nomination facility is available.
  • Certificates can be transferred from one post office to any other post office.
  • Transfer from one person to another person permissible in certain

Denomination / Deposit limits :

  • Certificates are available in denominations (face value) of Rs. 100, Rs.
    500, Rs. 1000, Rs. 5000 & Rs. 10,000.
  • There is no maximum limit for purchase of the certificates.

Interest/maturity value :

  • Interest is available on this scheme @ 8.90%, compounded half-yearly
  • With effect from 1st March, 2003, Maturity value a certificate of Rs. 100
    denomination is Rs. 160.10.
  • Maturity value of a certificate of any other denomination shall be at
    proportionate rate.
  • Interest accrued on the certificates every year is liable to income tax but
    deemed to have been reinvested.

Premature encashment of NSC:

Premature encashment of the certificate is not permissible except at a
discount in the case of death of the holder(s), forfeiture by a pledgee and
when ordered by a court of law.

Place of Encashment/discharge on maturity :

Can be encashed/discharged at the post office where it is registered or any other post

Income Tax relief :

  • Income Tax rebate is available on the amount invested and interest accruing every
    year under Section 88 of Income tax Act, as amended from time to time. [under Sec 80C]
  • Income tax relief is also available on the interest earned as per limits fixed vied section
    80L of Income Tax, as amended from time to time.
  • A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor.

14 comments for “National Savings Certificate/NSC

  1. Chris
    March 3, 2016 at 9:22 pm

    I want to invest in NSC for my nephews and nieces, as wedding gift concept, but the 10 year plan is not long enough, can NSC be auto renewed?
    I was looking at 20 years minimum, as I really dont want to be hassled with renewals. I anticipate memory loss of things when I am 55+ in age.

    • Chris
      March 3, 2016 at 9:25 pm

      Also, for the 10 year NSC plan, do I show 9 years of accrued interest in other income sources of my tax or just 4 years and the last year is negated, and if auto renewal is possible, would the same logic apply?

  2. kiran kumar
    October 10, 2015 at 11:15 am

    is it monthly investment plan or one time investment plan?

    • Jeevan Tarun
      October 19, 2015 at 5:14 pm

      One time investment plan, however you can buy fresh NSC every month

  3. suneel.kaul
    May 9, 2015 at 10:57 am

    I have lost my Nsc issued from Punjab region now complete 6 years in May 2015. kindly guide how can I encash the nsc as orginal one lost in transit.

  4. amit
    March 31, 2014 at 12:41 pm

    i have taken some nsc’s through my agent..i want to knw wether i can check authenticity of my certificates online or not..if yes plz tell me the link too.. thank you

    • kumar
      April 3, 2014 at 11:30 am

      As of now, there is no way to check the authenticity of NSC certificates online.

    • chhattar singh chopra
      August 13, 2014 at 5:55 am

      I have purchased nsc bearing no 39ef 876404 for Rs.10000/- from BBHQ POST OFFICE. WANT TO CHECK AUTHENCITY

  5. Ramprasad
    February 7, 2014 at 1:21 am

    After expiry date is interst caliculated on NSC?

  6. Kumar Anshu
    November 15, 2013 at 7:08 am

    I have NSCs as a gift from my parents (in Punjab). I have shifted to Pune. Can I encash those NSCs here in Pune?

    • Prahladu
      April 21, 2014 at 5:05 pm

      yes,you can encash certificates any where in india by presenting a letter at nearby postoffice.

  7. rajendra
    September 9, 2013 at 7:53 am

    what r beneficial between nsc and ppf

  8. Karan Batra
    March 24, 2013 at 11:44 am

    Is investing in PPF more advisable or investing in NSC Certificates?

  9. Subha
    October 1, 2012 at 10:42 pm

    Hello Sir,

    I have lost my NSC Certificates today unfortunately(Rs 20000 — 4*5000). They are taken in Borivali,Mumbai Post Office and matured in March 2012. They are on my name – Satya Phani Subha Koppireddi. Can you please help me get the ID numbers from your records.
    I would be grateful to you.


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