National Savings Certificate (NSC) is a fixed income, tax-saving investment scheme available through India Post offices. It's a government-backed savings bond, primarily designed to encourage small and medium-income individuals to invest while saving on income tax. NSC combines the security of a government-backed instrument with attractive returns and tax benefits.
NSC is backed by the Government of India, offering complete security for your investment with virtually zero risk.
Investment in NSC qualifies for tax deduction under Section 80C of the Income Tax Act, up to ₹1.5 lakh per financial year.
NSC currently offers an interest rate of 6.8% compounded annually, which is higher than many other government-backed schemes.