Post Office National Saving Certificate: Post Office offers many types of saving schemes to the general public. This scheme is run by the post office government. The government decides the interest received on these schemes.
Among all the saving schemes of the Government of India, National Saving Certificate is one such scheme in which people have faith for a long time. This is a safe investment option with a fixed return because it is guaranteed by the government.
Post Office National Savings Certificate
In Post Office National Savings Certificate, the Finance Ministry decides the interest for every quarter. At present the government is giving 7.7 percent interest annually on National Savings Certificate.
What is the interest rate available on NSC?
The central government gives 7.70 percent interest on the National Savings Certificate (NSC) of the post office. If we talk about the interest being given on tax saving FD, then many banks are offering interest rates around 7.50 percent on tax saving FD. That is, if seen from this perspective, this post office scheme is giving more interest than bank FD.
How much amount can you start investing with?
You can start investing in Post Office’s National Savings Certificate Scheme (NSC) with Rs 1,000. The lock-in period in NSC has been kept for five years. Any Indian person can deposit his money in this scheme of post office.
How to invest in NSC?
Joining NSC Investing is an easy process. You can invest in this offline. People who are not able to use the internet for their investments can buy NSC offline. Visit nearest post office: NSC can be purchased from any post office branch across India.
Fill the NSC Application Form. The form will be available from the post office or online. Fill your information and file the nominee. Provide your ID proof like Aadhar PAN card and address proof. Deposit the amount of money you want to invest. After completion of all the formalities, NSC certificate will be issued to you.
