People also ask
What is the interest rate on 5 year NSC?
Interest Rate on National Savings Schemes 2019 - 20202021- 20225 Year National Savings Certificate8.06.8Public Provident Fund8.07.1Sukanya Samriddhi Account Scheme8.57.6Kisan Vikas Patra7.7 (will mature in 112 months)6.9 (will mature in 124 months)9 more rows
How do I get a national savings certificate?
Fill out the NSC application Form, available online as well as at all Indian post offices. Submit self-attested copies of required KYC documents. You must carry the original documents as well for further verification. Make the payment of the amount to be invested by cash or through cheque.
What happens on maturity of NSC?
Maturity: If the NSC maturity proceeds are not withdrawn by an account holder, the scheme becomes available for post office savings scheme interest for 2 years. Nomination facility is available under this scheme. Online facility is not available. Investors can avail of NSC loans as collateral.
What is the use of National saving Certificate?
In a Government of India initiative, the National Savings Certificate is a fixed income investment scheme that you can open easily with any post office. It is a savings bond scheme that encourages subscribers primarily small to mid-income investors to invest while saving on income tax under Section 80C.
Can NSC account be opened online?
On the occasion of 'Azadi ka Amrit Mahotsav,' the Post Office announced the introduction of online account opening and closure for National Savings Certificates (VIII Issue) (NSC) and Kisan Vikas Patra (KVP) in DOP Internet Banking.
how to fill national saving certificate form