National Savings Certificates (NSC) Tax Rebate 5 Years Minimum Rs. 100, 8.1%

 National Savings Certificates (NSC)

5 Years National Savings Certificate (VIII Issue)

From 1.4.2016, interest rates are as follows:-

o    8.1% compounded six monthly but payable at 

maturity. Rs. 100/- grows to Rs 147.61 after 5 years.

Minimum R. 100 No maximum limit available in 

denominations of Rs 100, 500, 1000, 5000 & Rs. 10,000.

Salient features 

including Tax Rebate

o    A single holder type certificate can be purchased by, 

an adult for himself or on behalf of a minor or by a minor.

o    Deposits qualify for tax rebate under Sec. 80C of IT Act.

o    The interest accruing annually but deemed to 

be reinvested under Section 80C of IT Act.

*In case of NSC VIII , transfer of certificates from 

one person to another can be done only once from 

date of issue to date of maturity.

*At the time of transfer of Certificates from one

 person to another, old certificates will not be

 discharged. Name of old holder shall be rounded 

and name of new holder shall be written on the

 old certificate and on the purchase application

(in case of non CBS Post offices) under dated 

signatures of the authorized Postmaster along

 with his designation stamp and date stamp of Post office.

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