National Savings Certificate
Get comprehensive insights, tips, and strategies for maximizing your NSC investment
National Savings Certificate is a 5-year fixed income investment scheme with tax benefits under Section 80C of Income Tax Act.
Investment qualifies for deduction under Section 80C. Interest is taxable but gets reinvested.
The NSC is a government-backed savings scheme with guaranteed returns, making it ideal for risk-averse investors. To get the most out of this scheme, invest consistently for the full tenure and avoid premature withdrawals unless absolutely necessary.
With a fixed interest rate of 6.8%, your investment will grow steadily over time. You can also combine this scheme with others like NSC or NSC for a diversified and tax-efficient portfolio.
Use the calculator above to try different investment amounts and durations to plan your future savings better. You’ll be able to compare maturity amounts and see how your money grows over time.
Disclaimer: This article is for educational purposes. Always consult your financial advisor before making investment decisions.
Use our calculator to compare different investment amounts and see how your money grows over time.
