National Savings Certificate Post Office


If you are looking to invest in a good savings scheme, then the National Savings Certificate Post Office scheme is perfect as it offers security and stable returns. The scheme offers an attractive fixed interest rate for a lock-in maturity period of 5 years. The Post Office NSC scheme offers you a risk-free investment opportunity that protects your savings while offering you guaranteed good returns.

You can start investing with a minimal deposit of ₹1000 making investing accessible to everyone. It also encourages long-term saving and financial planning among people in rural and urban areas.


Enjoy the benefits of tax deductions when investing in the NSC scheme. Under Section 80C of the Income Tax Act, you can get tax deductions up to ₹1.5 lakhs. Making it an attractive investment option if you are a taxpayer.

Post Office National Savings Certificate Details

The National Savings Certificate Post Office offers you a reliable and secure investment option to grow your savings significantly, here are the details of the NSC scheme:

Minimum investment amount ₹1000
Maximum investment amount There is no limit
Interest rate 7.7%
Compound frequency Annual
Tenure 5 years
Tax benefits Deductions for up to 1.5 lakhs under Section 80
*Note- The interest rates are subject to change. Please check the official website for proper information.

Types of National Savings Certificate Post Office Accounts

The National Savings Certificate Post Office offers you different types of accounts; Individual or single holder accounts, Joint ‘A’ type deposit and Joint ‘B’ deposits.

  • Single Holder Type Account: This account can be opened by a single adult either for themselves, or as a guardian on behalf of a minor or a person of unsound mind. A minor who is 10 years of age can also open the account on their own.
  • Joint ‘A’ Type Account: This account can be opened jointly by any three adults with the maturity payments made to all account holders jointly or to the remaining survivor(s) in case of the demise of other holders.
  • Joint ‘B’ Type Account: This account can be opened jointly by any three adult individuals with the payments made to any one holder or to the survivor(s) in case of the demise of other holders.

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Eligibility Requirements for National Savings Certificate Post Office

You can open an NSC account in the Post Office if you fall under the categories below:

  • An adult as a single holder of the account.
  • Joint account that can include up to 3 adults.
  • A guardian on behalf of a minor or a person of unsound mind.
  • A minor who is 10 years of age.

Documents Needed For National Savings Certificate Post Office

There are several documents that are required when opening a National Savings Certificate Post Office account, these are:

  • A duly filled NSC application form.
  • Identity Proof: Voter ID, PAN card, Aadhaar card, etc.
  • Address Proof: Electricity bill, Rental agreement, Utility bills, Passport, etc.
  • Recent passport-size photograph

NSC Calculator

Calculate NSC returns with ease using a National Savings Certificate calculator. Add you NSC invested amount, interest rate to check your NSC maturity amount.

Steps to Invest in National Savings Certificate in Post Office

Opening an NSC account has been made easy by the Post Office, you can open an account digitally through an online platform and traditionally by visiting the Post Office. Given below are the steps to open an NSC account online and offline.

Open NSC Account in Post Office Online

  • Step 1: You need to have an active savings account with a bank or Post Office that offers e-transactions of the National Savings Certificate.
  • Step 2: Log in to your internet banking account and go to the ‘Investment’ section.
  • Step 3: Select ‘NSC’ and proceed to open or purchase an NSC.
  • Step 4: Fill in the application form with all the required information.
  • Step 5: Upload all the required documents.
  • Step 6: Review your application, then submit it and initiate the amount transfer.
  • Step 7: The Post Office or bank will then verify your details. Once it is approved, your account will be opened.

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Open NSC Account in Post Office Offline

  • Step 1: Visit your nearest Post Office and get the NSC application form.
  • Step 2: Carefully fill out the form with all the necessary details.
  • Step 3: Provide all the necessary documents for identity and address verification.
  • Step 4: Make a deposit of the investment amount.
  • Step 5: Once the deposit has been received, your NSC account will be open and you will get a physical National Savings Certificate.

Features & Benefits of NSC in Post Office

There are several features and benefits that you can get from investing in the Post Office National Savings Certificate, these are:

  • Government Backed: The NSC offers you a low-risk and secured investment as it is backed by the Indian Government. Making sure that get back your investment amount along with the interest rate
  • Lock-in Period: The scheme has a lock-in period of 5 years, giving you a clear idea of the timeline growth of your investment.
  • Attractive interest rates: The National Savings Certificate Post Office offers an attractive interest rate of 7.7%. Giving you good returns on your investment.
  • Minimal investment amount: You can start investing in the NSC scheme by depositing a minimal amount of ₹1000.
  • Tax benefits: With an NSC investment, you can enjoy tax deductions under Section 80C of the Income Tax Act, 1961.
  • Account transfer: An NSC account can be transferred from one Post office to another and from one person to another under special circumstances.

Tax Benefits of National Savings Certificate Post Office

Investing in the NSC scheme comes with an attractive feature, which is tax benefits. The investment you make In the scheme will qualify under Section 80C of the Income Tax Act, 1961. Under the Act, the maximum deduction you can get is up to ₹1.5 lakhs in one financial year. The scheme is ideal for you if you are looking to combine your investment goals with your investment plans. As it helps you reduce your taxable income.

Transfer of NSC Account

The Post Office offers you the flexibility to transfer the account from one person to another and to transfer the account from one Post Office to another in case you relocate. The process is simple. You can submit Form NC-34 to transfer the account from one person to another and Form NC-32 to transfer the account from one Post Office to another.

You can also transfer your NSC account to an authorised person, in case you use the account as security for a loan.

Loan Against National Savings Certificate Post Office

If you are in need of financial assistance, you can pledge your National Savings Certificate Post Office account as collateral. For this, you will need to transfer your NSC account to the authority involved, and you will get a loan based on the value of your NSC scheme account.

This provides you with a flexible way to get the assistance you need without having to prematurely withdraw your funds.

Premature Withdrawal of National Savings Certificate Post Office

The National Savings Certificate cannot be withdrawn before the maturity period. Only under special circumstances will the account be allowed to be prematurely withdrawn. The conditions are as follows:

  • In the event of the death of the single account holder or any or all joint account holders.
  • If forfeited by a pledgee who is a Gazetted officer.
  • Upon an order issued by a court.

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Frequently Asked Questions

The National Savings Certificate is a Post Office investment scheme that offers an interest rate of 7.7% for a period of 5 years along with tax benefits.

You can purchase an NSC from the Post Office or from Banks that are offering the NSC scheme.

The documents required to purchase an NSC are KYC documents, identification proof, address proof and a passport size photograph.

The tenure of the NSC scheme is 5 years.

The minimum investment amount is ₹1000 and there is no limit to the maximum investment amount.

The interest rate for NSC is 7.7% which is compounded annually.

Yes, the interest earned on NSC is taxable , however you can get deductions of up to ₹1.5 lakhs.

Yes, you can get a loan against your NSC account.

The NSC is different from other savings accounts as it offers fixed returns, tax benefits under Section 80C, and government backing, making it a secure, low-risk investment.

Yes, you can transfer your NSC account from one post office to another.

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