Is there more than one type of NSC?

Is there more than one type of NSC?

Yes, there are two types of NSC Certificates, based on their tenure and the time they were released by the Post office.

NSC Issue VIII
These certificates have a 5-year maturity period. Everyone can invest in these, except HUFs and Trusts. They come in denominations from Rs. 100 to Rs. 10,000. Due to its shorter tenure than IX issue, their interest rates are slightly lower at 8.5%.

NSC Issue IX
The NSC IX certificates have a 10-year maturity and slightly higher interest rate. However, these have been discontinued by the government.


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