Post Ofice saving schemes

National Savings Certificates (NSC) 

Minimum INR. 100/- * No maximum limit * Available in denominations of INR. 100/-, 500/-, 1000/-, 5000/- & INR. 10,000/-.

  A single holder type certificate can be purchased by, an adult for himself or on behalf of a minor or by a minor. 

Deposits qualify for tax rebate under Sec. 80C of IT Act. 

 

5 Years National Savings Certificate (VIII Issue)  

8.5% compounded six monthly but payable at maturity. INR. 100/- grows to INR 151.62 after 5 years.

10 Years National Savings Certificate (IX Issue)

  

8.80% compounded six monthly but payable at maturity. INR 100/- grows to INR 236.60 after 10 years.

For more details visit your nearest post office.

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