What is National Savings Certificate?
National Savings Certificate (NSC) is an investment scheme offered by the Government of India with the purpose to encourage national savings. The scheme also offer tax-saving benefit.

As it is offered by the Government, so it has been rated as 'highly secured class of investment'.

Basic information about 10-year National Savings Certificate:

The scheme will be available for investment from December 1, 2011.

Investments in certificate will earn interest at the rate of 8.7% per annum, compounded semi-annually.

The certificate will be available in the denominations of Rs 100, Rs 500, Rs 1,000, Rs 5,000 and Rs 10,000. Let say, if you invest Rs 100 in the certificate, you will get Rs 234.35 after 10 years on maturity of the scheme.

There is no upper limit for investment in the scheme.

Government will announce interest rates before April, 1 of every financial year.

The certificate is easily transferable. It can be transferred from the post office where it is registered to any other post office and can be pledged as a security.

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