National Savings Certificate (NSC)

National Savings Certificate (VIII Issue)

Interest payable, Rates, Periodicity etc.

Rate of interest 8.60%. Maturity value of a certificate of INR.100/- purchased on or after 1.4.2012 shall be INR. 152.35 after 5 years.

Investment limits and Denominations 

Minimum INR. 100/- No maximum limit available in denominations of INR. 100/-, 500/-, 1000/-, 5000/- & INR. 10,000/-.

Salient features including Tax Rebate 

single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor. Deposits qualify for tax rebate under Sec. 80C of IT Act.

The interest accruing annually but deemed to be reinvested will also qualify for deduction under Section 80C of IT Act. 

National Savings Certificate (IX Issue)

Interest payable, Rates, Periodicity etc.

Rate of interest 8.90%. Maturity value of a certificate of INR.100/- purchased on or after 1.4.2012 shall be INR. 238.87 after 10 years.

Investment limits and Denominations 

Minimum INR. 100/- No maximum limit available in denominations of INR. 100/-, 500/-, 1000/-, 5000/- & INR. 10,000/-.

Salient features including Tax Rebate 

A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor.
Interest on these certificates shall be liable to tax under the Income-Tax Act, 1961 (43 of 1961, on the basis of annual accrual specified in rule15, but no tax shall be deducted at the time of payment of discharge value.