Natiional Savings Scheme(Viii Issue)

  • Minimum of Rs. 1000/- and in multiples of Rs. 100/- No Maximum Limit
  • Certificate may be purchased by
  1. If closed before 1 year , no interest will be payable, if paid already will be recovered.
  2. after one year on deduction of an amount equal to1.5% of the deposit to be deducted
  3. after 2 years 1% of the deposit to be deducted.
  • 2. NSC will be issued in the shape of Passbook w.e.f. 01.07.2016
  • 3. Deposits qualify for tax rebate under Sec. 80C of IT Act.
  • 4. 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.