What is National Savings Certificate (NSC)?

What is National Savings Certificate (NSC)?

NSC is a tax saving bond issued by the government via Postal services. It is characterized by 5 years and 10 years maturity periods and enjoys tax exemption under section 80C.


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    • Investment

      Investments are expenses that the taxpayer acquires during the year that are subtracted from his gross income. You can avail the benefit of Rs 1,50,000 U/S 80C+80CCC+80CCD(1) 80C =  LIC, PF(Provident Fund), PPF(Public Provident Fund), EPF(Employee ...

    • Can I take a loan against my NSC?

      Yes, NSC can be collateralized for a loan, subject to certain conditions: The certificates will have to be transferred to the lender. They can be pledged to the president of India, governor of your state, a PSU or local authority. When the ...

    • What are the rules of premature withdrawal of corpus in NSC?

      NSC certificates have a predetermined lock-in period of 5 years. However, premature withdrawal is possible in certain emergency cases like the following Death of the holder Order of the court A Gazetted Officer pledges for the certificates to be ...

    • Can NRIs invest in NSC?

      No, investment in NSC is only open for resident Indians.

    • Is TDS deducted on my savings account interest?

      No, there is no TDS on interest income from savings account