Government scheme · Fixed-term, tax-saving savings
National Savings Certificate (NSC)
NSC is a fixed-income savings certificate sold by post offices. The rate is fixed when you invest, and interest is compounded every year and paid at maturity.
Visit official websiteWho can apply
- Resident Indians, individually, jointly or on behalf of a minor
Key features
- Minimum ₹1,000, no maximum
- 5-year term
- Deposits qualify for Section 80C under the old tax regime
- Can be pledged as security for a loan
How to apply
- Buy at any post office, or through India Post internet banking
Not sure where to save?
Ask Bachatt Saathi how this scheme compares with Insta Fund, mutual funds or Gold & Silver funds for your goal.
Frequently asked questions
Is NSC interest taxable?+
Yes. Interest is taxable, though the yearly reinvested interest (except the last year’s) qualifies for Section 80C under the old regime.
More government savings schemes
See all government savings schemesThis page is for information only. Bachatt is not affiliated with this scheme; the scheme name belongs to the Government of India and its agencies. Limits, rates and eligibility change from time to time — always check the official website before you apply.