What is National Savings Certificate?
- You need a minimum of Rs 100 to open an account and there is no upper limit to the investment
- The rate of interest payable is 7.7%, to be compounded annually but it’ll be payable at maturity
- A certificate can be purchased by an adult, for himself or herself or for a minor
- Deposits made under NSC qualifies for Tax rebate under Section 80C of the Income Tax Act
Check total wealth created using NSC Calculator.